According to the central bank, the Albanian currency in circulation increased by around 6.8 billion lek in 2023.

In the context of operations for the liquidity management in the banking system, the Bank of Albania employed its main instrument – the one-week reverse REPO – at an average 59.4%, down from 64% to 68% in the first nine months of the year.

In the first three quarters of past year, central bank operations focused on targeting higher injections to address shortages of banks with limiting funding capacities and the pressure on the injection rates.

“During the fourth quarter of 2023, the Bank of Albania has continued tending to increase the portfolio through four auctions for the purchase of currencies. Central bank purchased 66 million euros. A total of 25.1 billion lek was injected into the banking system in 2023,” central bank said.

/r.e/u.sh/