Albanian lek · ALL
L symbol · 1 country currently using this currency.
Currency info
Adopted: 1926
Currency family: Other
The lek is one of the few currencies named after a historical figure rather than a place or concept.
- Introduced in 1926 to replace the Ottoman currency following Albania's independence
- Name 'lek' derives from Alexander the Great, reflecting historical significance
- Experienced significant devaluation during the 1990s economic crisis
- Redenominated in 1965 with the introduction of the new lek at a 1:10 ratio
- Currently managed by the Bank of Albania as the sole legal tender
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Ottoman lira