Historic Albanian lek Norwegian krone

Albanian lek norwegian krone history for February 2024. The highest quote for this month is 0.11342 (13/02/2024) and the lowest 0.11285 (29/02/2024). The difference between high and low is 0.5.

ALL NOK average rate for February 2024 is 0.11073, the change between 01/02/2024 and 29/02/2024 is -2.92 %.

01 February 20241 ALL = 0.1101 NOK
02 February 20241 ALL = 0.1094 NOK
05 February 20241 ALL = 0.1126 NOK
06 February 20241 ALL = 0.1130 NOK
07 February 20241 ALL = 0.1096 NOK
08 February 20241 ALL = 0.1097 NOK
09 February 20241 ALL = 0.1102 NOK
12 February 20241 ALL = 0.1118 NOK
13 February 20241 ALL = 0.1096 NOK
14 February 20241 ALL = 0.1106 NOK
15 February 20241 ALL = 0.1096 NOK
16 February 20241 ALL = 0.1096 NOK
19 February 20241 ALL = 0.1116 NOK
20 February 20241 ALL = 0.1117 NOK
21 February 20241 ALL = 0.1098 NOK
22 February 20241 ALL = 0.1098 NOK
23 February 20241 ALL = 0.1100 NOK
26 February 20241 ALL = 0.1127 NOK
27 February 20241 ALL = 0.1102 NOK
28 February 20241 ALL = 0.1103 NOK
29 February 20241 ALL = 0.1133 NOK

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

31/12/2011: Replacement of 1 Lek coin

The 1 lek coin was demonetized and replaced by a banknote. The decision was made due to the high cost of producing the coin.

08/02/2000: Introduction of new banknotes and coins

A new series of banknotes and coins were introduced, featuring enhanced security features and updated designs.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

02/03/1997: Collapse of pyramid schemes

The collapse of pyramid schemes in Albania caused a severe economic crisis, resulting in hyperinflation and a significant devaluation of the lek.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

26/06/1992: Transition to a market economy

Albania transitioned to a market economy, leading to a significant depreciation of the lek. The exchange rate changed to 1 lek = 9.3 old lek.

01/10/1965: Introduction of the new lek

A new series of banknotes and coins were introduced, marking the transition to the new lek. The exchange rate was set at 1 new lek = 10 old lek.

22/12/1947: Albania becomes a communist state

Following the establishment of a communist regime in Albania, the currency underwent a major devaluation, with the exchange rate changing to 1 lek = 12.5 old lek.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/09/1926: Introduction of the Albanian lek

The lek was introduced as the official currency of Albania, replacing the previous currency, the Turkish lira. The exchange rate was set at 1 lek = 35 Turkish lira.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.