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ALBANIAN The Albanian monetary unit is called Lek (plural Lekë).
MONEY The currency code for Lekë is ALL (Albanian Lek).
Banknotes come in denominations of 200, 500, 1 000, 2 000, 5 000 Lekë;
Monetes come in denominations of 1, 5, 10, 20, 50, 100 Lekë
Euro – ALL currency: 1 EUR = 125 ALL (depending on the currency rates)
https://www.bankofalbania.org/Markets/Official_exchange_rate/
You can use Euros in Albania but we advise to use Albanian money, since
shops do not offer an accurate currency. Money Exchanges and ATMs can
be found in every city of Albania. Most ATMs accept international credit
cards or bank cards (a strip of logos is usually displayed above the ATM).
Depending on your needs, there are several possibilities for money
transfer: bank transfer or special transfer (such as Western Union and
Money Gram).
BANK ACCOUNT International students may open a bank account in any bank in the
Republic of Albania. Currently, 14 banks operate in Albania, with
domestic and foreign capital.
The list of licensed banks may be found can be found at the link below:
https://www.bankofalbania.org/Supervision/Licensed_institutions/Banks/
There are several banks close to the University and around the city. You
should be aware that some banks may charge a maintenance fee. Most
banks are normally open, for consummator service, daily between 08.30
– 15.00 hrs, Monday to Friday inclusive, some of them also on Saturday
mornings.
COST OF LIVING Compared to its neighboring nations, Albania is a very cheap destination.
Like other cities of Albania, Vlora is very affordable. Living expenses (rent,
food, local public transport, books and other small personal expenses)
roughly amount to €400 (50.000 Lekë) per month; actual expenditure
depends on individual lifestyle.
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5 € 1.5 € 0.92 € 3.50 € 0.45 € 0.85 € 0.99 € 0.85 € 0.84 € 0.88 €