TIRANA, Jan 7 /ATA/ The foreign exchange reserves of the Bank of Albania expanded Euro 780 million during November 2021.
The Bank of Albania announces that currently the foreign exchange reserves have reached the highest level in the amount of five billion euros, with the issuance of Eurobond worth 650 million euros.
Foreign exchange reserves consist mainly of deposits and securities that make up 90% of the value and the remainder consists of special drawing rights (SDRs) in the International Monetary Fund and gold reserves.
The structure of the foreign exchange reserves is dominated by the euro, which accounts for more than 65% of its total value and the rest is in US dollars, Japanese yen, Chinese currency, Australian currency.
The value of foreign exchange reserves at the end of November would be sufficient to cover about 9.3 months of imports.
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