The recent drop in the euro has brought down the wealth of Albanian citizens by 3%.

More than half of deposits in the Albanian banking sector are in euros.

If at the beginning of the year, the savings deposits in euros were worth 68 billion ALL, today they are worth 2 billion ALL less.

According to economy expert Eduart Gjokutaj, changes to the exchange rate will have a worse impact on Albanians whose monthly income or bank accounts are registered in euros.

“Bank deposits will be the most affected category by the depreciation of the euro. This is also a result of the specifics in the Albanian economy, where deposits in euros are a dominant factor. What we would suggest, is to keep bank accounts in LEK if income and spending is done in the same currency,” – he said.

Only a small group will be benefiting from the decline in the euro, and that will be the tourists coming in to spend their money in countries where the euro is used.