De-euroization package: Albania discourages saving, borrowing in Europe’s single currency

Tirana Times
By Tirana Times February 8, 2018 10:17

De-euroization package: Albania discourages saving, borrowing in Europe’s single currency

Story Highlights

  • The new rules make it more expensive for commercial banks to provide Euro-denominated loans and accept deposits in Europe's single currency, by increasing compulsory reserve requirements

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TIRANA, Feb. 8 – Albania will start applying next June some de-euroization measures in a bid to discourage the current high levels of Europe’s single currency in the country’s banking

Tirana Times
By Tirana Times February 8, 2018 10:17