TIRANA TIMES
TIRANA, May 25 – Bank of Albania has started to withdraw some of the liquidity it injected in Albania’s economy at the height of the global economic crisis.
It took 2.1 billion leks out of circulation in April as part of its goal to withdraw the monetary stimulus the central bank gave second-tier banks last year, the central bank said in statement this week.
As a result, the total amount of debt commercial banks owe the central bank fell to 1.23 billion, according to a BoA report recently made available to the media.
BoA had already announced its new policy in January, mainly as it tried to control inflation.
The same monetary stimulus policies were followed by most central banks around the world during the crisis in order to keep banks afloat and lending.
