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Albania announces de-euroisation strategy

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TIRANA, March 14 – Albania’s central bank says it is undertaking measures to implement a de-eurisation strategy that would 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. Governor Gent Sejko says the country’s highest financial authorities have already identified some measures, including charging higher fees on transactions in foreign currency to curb high levels of foreign currency in the banking system, estimated at 60 percent for credit and almost 50 percent…

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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