Pound Sterling to Albanian lek — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.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