Albania: Background Information

International Monetary Fund

No 1995/053, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes a evolution of the financial system in Albania. The paper highlights that a two-tier banking system was created following passage of a new Central Bank Law and Commercial Banking Law in April 1992. The State Bank of Albania became the Bank of Albania and retained only the functions of a central bank. Its commercial operations were hived off to become the National Bank of Albania in July 1992, which was subsequently merged with the Albanian Commercial Bank to form the National Commercial Bank of Albania on January 1, 1993.

Keywords: ISCR; CR; savings bank; exchange rate; state enterprise; U.S. dollar; private sector; flat rate; book value; excess reserves; consumer goods; w National Commercial Bank; retail price; Commercial banks; Loans; Credit; Currencies; Eastern Europe (search for similar items in EconPapers)
Pages: 80
Date: 1995-07-20
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