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17-10-26
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BoA: Euro transfers surged to €1.5 billion

TIRANA, April 27 /ATA/ March recorded a significant rise in both the volume and value of euro-denominated transactions in Albania.

According to data from the Bank of Albania, Euro transactions surged to over 39,000 in March, totaling €593 million. This reflects a steady upward trend for the year, climbing from €480.9 million in January to €494.3 million in February.

Total euro-denominated transactions for the first quarter of 2026 amounted to nearly €1.5 billion.

Rising adoption of euro payments signals a shift toward banking, reducing cash reliance and accelerating economic formalization.

Bank of Albania data reveals a 21.3% annual increase in AIPS-EURO volume, with nearly €6.33 billion transferred, underscoring the growing preference for the European currency in local transactions

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