Euro stands at 96, lowest historical level in exchange

According to experts, there are a number of factors that have contributed to the growth of the euro's monetary offer in the market, but the main thing is tourism.

Economy expert Adrian Civic: “We are at the end of an intensive June-July tourist period where euro availability has been great. This monetary measure in the euro continues to increase pressure over the exchange rate and strengthening the money. So it is normal to get used to a new balance. We should not make accounts or wait for the euro to be restored to levels that were three or four years ago. ”

In the first six months of the year alone, according to Central Bank statistics have entered the Albanian market in the form of remittances over 500m euros, while tourists spent the same period of 2.1 billion euros. Foreign investments, but informal money has also contributed to the devaluation of the euro. Which caused losers and beneficiaries from this situation.

But what instrument can stabilize the euro in the market?

 “Of course the beneficiaries are importers who buy the most cheap goods, even those who have loans in euros given that a measure is in euros and credit revenues become easier to pay off”It says "Civici."

The Bank of Albania indirectly intervenes for stabilisation. The Bank of Albania confirms that by August more than 500m euros have been withdrawn from the market. Whether the euro will decline further or stays in the current situation, according to experts will depend on currency inflows over the coming months and external trade balances. /Top Channel