The Bank of Albania is the central bank of the Republic of Albania. The Constitution of Albania defines the status of the Bank of Albania and the Law No. 8269, dated 27.12.1997 "On the Bank of Albania” lays down its objectives, duties, relationships with the banking system and state institutions in Albania, organization and management, financial statements, capital and profit allocation. The primary objective of the Bank of Albania is to achieve and maintain price stability. The Bank of Albania is autonomous and independent from any other authority in the pursuit of its objectives and the performance of its duties.
The Bank of Albania is accountable to the Assembly of the Republic of Albania and its paid-up capital is owned exclusively by the State of Albania. The Bank of Albania is governed by the Supervisory Council, which is chaired by the Governor. The Governor also serves as the General Executive Director of the Bank.
The vision of the Bank of Albania is to promote good governance through fostering independence, increasing accountability and enhancing transparency, with a view to boosting public confidence in the Bank of Albania.
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