Albania
Cash dominates payments in emerging economies, BdF finds
Survey based on responses from 16 central banks, mainly from emerging market economies
Albanian governor says latest increase brings rates to neutral level
Gent Sejko forecasts inflation will not reach central bank’s target until second quarter of 2024
Banknotes: April to June 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Albania orders first rate hike in 11 years
Increase of 50 basis points returns policy rate to pre-Covid level
ECB paper examines ‘euroised’ economies
European countries’ informal adoption of euro places limits on central banks, says working paper
How can central banks secure the future of money?
Central banks should start tackling the accounting, legal and policy challenges related to CBDC. This work will shape the future of money, as could be witnessed in Albania
ECB expands euro repo network
Albania and Serbia join Covid-19 liquidity backstop
Fears rise over breakdown in Basel and IFRS standards
Bretton Woods institutions worried about growing divergence in capital and accounting standards as credit impairment tsunami looms; US and many emerging economies skirting the rules
Albanian central bank introduces first polymer notes
Governor calls on parliament to approve draft law on improving payments systems
Bank of Albania must resolve policy transmission issues – IMF
Issues with monetary policy transmission are obstructing efforts to hit inflation target
People: Albania appoints new deputy governor
Luljeta Minxhozi joins Bank of Albania; Netherlands Bank loses chief investment officer; Chile appoints first technology manager; and more
Albania cuts rates as renovations to HQ completed
The Bank of Albania cut its policy rate to a record low of 1.75%; chair of Single Resolution Board visits as non-performing loans fall to approximately 20% of total in banking sector
Ex-Albanian governor acquitted of ‘abuse of office’
Former Albanian central bank governor Ardian Fullani found innocent of ‘abuse of office’; left role in 2014 after parliamentary vote
Albanian governor warns of ‘fragile’ inflation
Gent Sejko says supervisory council will likely keep key interest rate low ‘for some quarters ahead’ with inflation forecast to remain below target in 2015
Security at Bank of Albania improved in wake of theft
Governor Gent Sejko insists security at the central bank is ‘at the right levels’ following the $5.2 million theft from its vaults last year; calls for vigilance from staff members
IMF sees deflation threat to Western Balkan recovery
Special report on economic transition in Western Balkans identifies deflation spilling over from eurozone as risk to recovery in the region; most of the countries experiencing negative inflation
Sejko lined up as next Bank of Albania governor
Albanian prime minister says parliament ‘will not reject’ the president’s nomination; former bank inspector Gent Sejko set to return to the central bank after a decade away
Bank of Albania board calls for governor to be sacked
Supervisory council gives ‘full support' to first deputy following arrest of governor Ardian Fullani, believed to be linked to central bank vault theft uncovered in July
Bank of Albania toughens checks on employees as governor clings on
Governor Fullani contradicts central bank statement that his dismissal was discussed; employees will be required to disclose divergent 'behaviours or opinions'
Bank of Albania reviews procedures after employees steal $6m in cash
Governor remains in post despite public demonstrations over the theft of more than $6 million in Albanian banknotes by central bank employees
Devaluation would not hit Albanian short-run trade balance, research suggests
Evaluation of Albanian trade with its biggest trading partners finds little evidence of the deterioration in trade balance suggested by the ‘J-curve' hypothesis