Albanian lek to Norwegian Krone

The Albanian lek (sign L, code ALL) is the currency used in Albania. It has been issued in 1947 after a monetary reform. Up until 1990, lek could be subdivided into 100 qindarka.

Today, the smallest unit is 1 lek. Before the appearance of lek, there had been several currencies from different European countries used in Albania. Banknotes have portraits of different famous figures, and architectural objects of various eras printed on them. The name Lek comes from contracting the name of Alexander the Great.

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.