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The Albanian Lek (ALL)
Cash is widely used in Albania, especially outside major city centers where credit card acceptance can be limited. Before your trip, familiarize yourself with the Albanian Lek (ALL) to ensure smooth transactions and avoid confusion.
Banknotes and Coins
The most common Lek banknote denominations are 100, 200, 500, 1000, 2000, and 5000 Lek. Coins represent smaller values such as 10, 20, and 50 Lek.
For more details on the denominations and security features of the banknotes, visit the Bank of Albania.
Exchanging Currency
Tourists can get the best exchange rates at banks or licensed exchange offices rather than airport kiosks or hotels. Euros, US Dollars, and British Pounds are the most widely accepted foreign currencies for exchange. When exchanging money for your trip, ask for smaller denominations of Lek banknotes and coins for everyday purchases.
Understanding Old vs New Lek
Some businesses in Albania still refer to currency prices in the “old” Lek, which has a different value than the current “new” Lek. This terminology dates back to the 1960s when the Lek was revalued and exchanged at 10 old Lek = 1 new Lek. While all transactions are conducted in new Lek, some vendors (especially older generations) may still quote prices verbally in old Lek out of habit.
For example, a souvenir may be priced at “one thousand Lek,” which sounds like 1,000 Lek. But the vendor means 1,000 old Lek, which is 10,000 new Lek – a tenfold difference. To avoid accidental overpayment, tourists should:
- Confirm if the prices quoted are in old or new Lek
- Verify any written amount is denominated in new Lek
- Politely request receipts to check charges
- Know current exchange rates and average costs of items
- Ask locals or hotel staff for help decoding Lek prices
Helpful Tips for Tourists
- Most shops, restaurants, and hotels in main tourist areas accept credit cards but carry cash (Lek) to pay in smaller towns or rural areas.
- Check with your bank about transaction fees when using your debit/credit card in Albania, as fees may apply for international use.
- Carry a mix of smaller and larger Lek banknotes – some smaller vendors may struggle to make change for big bills.
- Exchange money at banks or official exchange offices rather than street vendors for better rates.
- Exchange receipts can be requested to check the rate charged.
- Lek can only be exchanged within Albania, so excess cash must be spent before leaving the country or exchanged for euros, pounds, or dollars before departing.
- ATMs are common in larger cities for withdrawing cash in Lek.
By familiarizing yourself with the Albanian Lek and following these tips, you can ensure a smoother financial experience during your Albania visit.
