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10 Lek

Issuer Banka Kombëtare e Shqipnis
Year 1940
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Size 98 × 61 mm
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Obverse description Brown and red note with bilingual bank title in Albanian and Italian across the upper field, flanking a large central guilloche medallion. The Albanian double-headed eagle vignette occupies the lower centre, with the numeral 10 in large red intaglio print repeated on both sides. Two manuscript signatures appear below, with serial numbers and series letters at the four corners. The imprint "OFFICINA DELLA BANCA D'ITALIA - ROMA" is printed at the foot of the note.
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Protection description Portrait watermark of Italian King Vittorio Emanuele III, visible in the central unprinted medallion area on both sides
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Comments

Banka Kombëtare e Shqipnis — the National Bank of Albania — was never a truly independent institution by this point. Italy had occupied Albania in April 1939, and the bank operated under effective Italian financial control from that moment. This note, printed by the Banca d'Italia in Rome, is a direct product of that arrangement: Albanian currency manufactured by the occupying power's own printing facility.

The P#11 series circulated during a period of forced economic integration, as Italian authorities worked to align Albanian monetary policy with the lira zone. Small-denomination notes like this one absorbed the heaviest use and consequently survive in unworn condition far less often than the higher values in the same series.

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