Euro to Albanian lek — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Albania

Currency Code, Symbol: ALL, L

Denominations of coins in circulation: 5 L, 10 L, 20 L, 50 L, 100 L

Denominations of banknotes in circulation: 200 L, 500 L, 1000 L, 2000 L, 5000 L

History: The Albanian lek (L) is the currency used in Albania. It has an abbreviation – ALL – that is used on the global exchange market. It was issued in 1947 after a monetary reform.Up until 1990, lek could be subdivided into 100 qindarka. Today, the smallest unit is 1 lek. Before lek appeared, there had been several currencies from different European countries used in Albania. Banknotes have portraits of different famous figures, and architectural objects of various eras printed on them. The name Lek comes from contracting the name of Alexander the Great.Read More