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0.10 Lek
| Issuer | Banka e Shtetit Shqiptar (State Bank of Albania) |
|---|---|
| Year | 1965 |
| Type | Exchange certificate |
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|---|---|
| Obverse lettering | 0.10 REPUBLIKA POPULLORE E SHQIPERISE E VLEFSHME VETËM PËR DYQANIN E SHITJES ME AR E VALUTE DORËZONI PARAQITËSIT MALLRA PËR VLEFTËN BUONA LEK 0.10 ME ÇMIMET E VEÇANTA TË SHKËMBIMIT ME VALUTË DREJTORI I PËRGJITHËSHËM DREJTORI I THESARIT BANKA E SHTETIT SHQIDTAR 1965 (Translation: People's Republic of Albania. Valid only for gold and currency shop. Give the currency value to the current currency voucher. 0.10 lek voucher. With special currency exchange rates. General director. Treasury director. State Bank of Albania.) |
| Reverse description | Brown letterpress print on pink underprint, with an ornate guilloche border framing the entire note. The central vignette comprises the circular bank seal of the Banka e Shtetit Shqiptar, incorporating the Albanian double-headed eagle and the monogram "BSH", surrounded by decorative cloud-like scrollwork. A diagonal repeated-text underprint bearing the bank and republic names runs across the field. |
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| Comments |
The 1965 Albanian currency reform replaced the old lek at a rate of 10:1, effectively wiping out a decade of inflationary erosion built up since the communist government consolidated power. This 0.10 lek denomination — worth one old lek after conversion — was part of a complete new series introduced that year as the country deepened its alignment with China following the break with the Soviet Union in 1961.
Albania under Enver Hoxha was by then one of the most isolated economies in Europe, and these low-denomination notes circulated in a system where private trade was essentially illegal.