The Bank of Albania’s institutional overview sets out its primary mandate to achieve and maintain price stability through independently formulated and implemented monetary policy. Its responsibilities also encompass currency issuance, payment systems and financial stability.
As issuer of the national currency, the bank promotes payment systems that support safe and rapid currency circulation at minimum cost and prevent systemic risk. It regulates, licenses and supervises banks and other financial institutions, while regularly identifying and analyzing threats to financial stability.
The bank operates autonomously from other authorities but is accountable to Albania’s Assembly, and its paid-up capital is owned exclusively by the state. The Supervisory Council governs the institution and is chaired by the governor, who also serves as general executive director.