: A common rough conversion is 100 Lek ≈ 1 Euro . Denominations in Circulation
: Technically divided into 100 qindarka , though these are no longer in use due to inflation. Issuing Authority : Managed by the Bank of Albania.
: While cards are accepted in major Tirana hotels and some upscale restaurants, Albania remains heavily cash-based, especially for taxis, markets, and rural areas.
: ATMs are plentiful in cities but often charge high transaction fees (roughly 700 Lek per withdrawal). It is usually more cost-effective to withdraw larger amounts at once. Where to Exchange Money
For the best rates, use local ( Zyra Këmbimi ) rather than banks or hotels. They are safe, common in city centers, and typically do not charge commission. You can check daily rates on tools like the XE Currency Converter or the official Bank of Albania website.