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Revising Foreign Currency Open PositionHome / 2009 Program / Revising Foreign Currency Open Position
DescriptionThe authority of the Bank of Albania in establishing rules for foreign currency open position is defined by Law no. 8269 dated 23.12.1997 “On the Bank of Albania” chapter VII, article 26 and Law no. 8365 dated 02.07.1998 “On banks in the Republic of Albania”, article 27. On the basis of these laws, a regulation on Foreign Exchange Open Positions no. 59 has been issued on 05.05.1999. In their activity to satisfy their customers’ demands through extending loans, accepting deposits in foreign currency etc, banks undertake the risks of foreign exchange fluctuations. Updated on: December 3,2009
Current StatusOutputTerms of ReferenceProject Working Group Meeting Agenda, Documents and Minutes
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