IPPM’s Honorary President, Prof. Dr. Arben Malaj, on euro depreciation

The Honorary President of the Institute for Public Policies and Good Governance, Prof. Dr. Arben Malaj, in an interview for hapur.al, has expressed over the depreciation of the euro against the Albanian currency. As a member of the Central Bank’s Supervisory Council, he has assessed as its main factor the fall in demand for foreign currency and developments in international markets.

Prof. Dr. Malaj has evidenced the beneficiaries and losers of the euro’s depreciation, pointing out that those who benefit most are importers of goods purchased with the euro and individuals or businesses that have their income in Lek while the liabilities in euros. Meanwhile, the main losers of this devaluation are Albanian exporters to the countries that use the euro, as well as all those who have their incomes in Lek, but liabilities in euros.

For more information (in Albania language), please click on the link below:

Rënia e euros, Prof. Arben Malaj shpjegon: Ja kush fiton dhe kush humbet

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