De-euroisation initiative triggers investment, competitiveness concerns

Tirana Times
By Tirana Times April 5, 2017 15:24

De-euroisation initiative triggers investment, competitiveness concerns

Story Highlights

  • The central bank's de-euroisation initiative has worried some experts who say the move seeking to curb the high use of Europe's single currency could have an adverse effect on foreign investors and exporting businesses who use the Euro in their day-to-day operations. The Bank of Albania says the measures will accelerate the reduction of the current high levels of foreign currency in the country’s banking system, considered a key barrier for the transmission of its easier monetary policy and giving a boost to sluggish credit and consumption.

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TIRANA, April 5 – The central bank’s de-euroisation initiative has worried some experts who say the move seeking to curb the high use of Europe’s single currency could have an

Tirana Times
By Tirana Times April 5, 2017 15:24