Albanian lek samoan tala history for July 2023. The highest quote for this month is 0.02955 (25/07/2023) and the lowest 0.030073 (25/07/2023). The difference between high and low is -1.77.
ALL WST average rate for July 2023 is 0.02879, the change between 01/07/2023 and 31/07/2023 is -0.35 %.
| 05 July 2023 | 1 ALL = 0.0285 WST |
| 25 July 2023 | 1 ALL = 0.0292 WST |
| 31 July 2023 | 1 ALL = 0.0286 WST |
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.
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.
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.
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.