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100th Anniversary of the Bank of Albania, PM Rama: A Model for Independent Institutions

TIRANA, November 11 – Prime Minister Edi Rama spoke at the 100th anniversary of the Bank of Albania. He called it the only institution that meets the standards of independence.

Rama described this milestone as crucial. He said the Bank of Albania is a model for how independent institutions should function.

The prime minister emphasized that the bank meets the criteria needed for Albania to be part of the developed world and the European family.

He noted that few other institutions in the country reach this level of maturity. Many are still in development. Rama suggested documenting the bank’s history as an example for others to follow.

He added that, beyond monetary policy, new control mechanisms are necessary to manage modern challenges. He stressed the importance of adapting to changes, including algorithms and evolving financial realities.

Rama concluded that established central banks must maintain stability while facing extraordinary new challenges.

/a.p./

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RTI