Exchange GBP to ALL - Convert Pound to Albanian LEK - Free Online Quote

GBP to ALL Exchange Rate

Currency Information on ALL and Currency Information on Albanian LEK - ALL- Albanian LEK - L. The foreign exchange currency code for ALL represents the Albanian LEK currency exchange rate.

If you want to send money to Albania, whether for personal or business reasons, only a couple of institutions and companies can help. Leks are an exotic currency and not something most foreign exchange providers deal in.
MoneyGram and the Western Union both work in Albania and can send cash quickly but quick and emergency transfer may prove expensive. You can also use your bank's money transfer service to send money to Albania. Generally, banks do not publish their exchange rates on the Internet but you can find out the rates by logging into your bank's Internet facility. If this is for the first time you have made a payment to a bank in Albania, you will have to add the payee first. You will also need to add some information such as the bank name, SWIFT and BIC code and account number.
As far as the economy is concerned, Service Sector dominated Albania's economy. Following the collapse of communism, Albania went through the process of transition from socialist to capitalist and open market economy. The country has a high HDI (Human Development Index). According to the Forbes as of May 2017, the economy is expected to grow at the rate of 3.7%. The FID Ha also increased significantly as the Ministry of Finance has embarked on a program to improve the business climate. It also provides free school education and universal health care to its citizens.
HSBC and Citibank don't Albania in their international money transfer network. You can use the transfer service of the Western Union and Moneygram to send money to Albania in a matter of minutes. These money transfer services have more than a handful of cash collection agents throughout the country. Compass Global Market, Paypal, and Worldfirst works online and can deposit funds into Alpha Bank, Credins Bank, Tirana Bank, Union Bank, NBG Bank or any other bank in Albania.

Convert Pound to Albanian LEK

Now there are only lek coins available; 1, 3, 5, 10, 20 and 50 lek, as well as banknotes, which are available in denominations of 1, 3, 5, 10, 20, 50 and 100 LEK.

Introduced in February 1926, the Albanian Lek is the official currency of Albania. In 1991/1992 Albania suffered from the collapse of communism, which saw a mass migration of refugees to Italy and Greece. Following this, the value of the Albanian Lek fell dramatically. Alexander the Great’s name is usually shortened to Leka in Albanian, and it is from this that the lek gained its name.

To this effect, Alexander the Great appears in portrait form on the back of the 1 LEK coin.
Subdivided into 100 qindarka, which are no longer issued, the new lek was introduced in 1965 when coins to the value of 5, 10, 20 and 50 qindarka were issued
Convert GBP to ALL exchange rate. Buy and sell British Pounds to Albanian LEK. Convert ALL to GBP with a currency broker offering the best foreign exchange rates.

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