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Bank of Albania and European Central Bank sign an agreement on banknote protection

  • 7/9/2021 10:31 AM
Bank of Albania and European Central Bank sign an agreement on banknote protection

The Bank of Albania and the European Central Bank sign a cooperation agreement for the exchange of information in the field of protection of the euro banknote from counterfeiting. 

The BoA announces that this agreement aims to regulate and facilitate the procedures of cooperation between the two central authorities in the field of protection against counterfeiting of euro banknotes in the territory of our country.

The agreement standardizes technical information in order to strengthen technical capacities for monitoring and preventing counterfeiting of euro banknotes in Albania. Meanwhile, the European Central Bank will provide information with specifications and data obtained from the technical analysis of counterfeit euro banknotes, discovered in Europe and beyond.

The Governor of the BoA, Gent Sejko, estimates that this cooperation is very important for the intensification of the exchange of information, opinions and expertise in the field of euro counterfeiting.