Euro hits historic low vs Albanian lek due to tourism-driven inflows, potentially easing inflation.
Euro hits historic low against Albanian lek due to foreign exchange inflows, mainly from tourism. The Bank of Albania reports the euro's value at 100.31 on the local currency exchange market, with the lek expected to remain strong during the upcoming summer season. The weakening euro could ease inflation pressure as import prices may fall. Inflation rate for March was 2.3%, the lowest since August 2021.
May 03, 2024
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