The euro is depreciating at a fast pace, moving to a new level, and this beginning of the week it is being exchanged for 98.5 ALL.

The European currency has lost nearly 6 points since the beginning of the year, and expectations for recovery after the end of the mass tourist season in August have faded this period as well.

Other currencies have moved in the positions of the euro, where in the market the dollar is exchanged for 91.1 lek, the British pound 118.1 and the Swiss franc 105.1 lek.

The money brought in by visitors from abroad together with foreign direct investment have significantly improved the Balance of Payments this year, and these are considered key factors in the current state of the exchange rate.

But this development hits different groups in the country, mainly the export business and people who receive salaries or have kept savings in foreign currency.

During this month, the Central Bank has intervened in the market, buying euros from commercial banks, but the effect to maintain the stable exchange rate has not appeared.

On the other hand, the IMF and the World Bank have advised control in the exchange rate cycle.