Who carried out the first banking transaction in Albania and when!!


Did you know who carried out the first banking transaction in Albania and when? It was carried out in Lezha and don`t be surprised, there was Skenderbeg in the quality of the chairman of Arber State in 1452 who carried out the first banking transaction after he was notified from Roma. Based on the Order of the Pope Nicola V, a considerable amount of gold ducats were collected in Dalmatia, in assistance to Albania by the Crusade of papal campaign. The gold would be delivered to the representative of the Albanian Leader in Raguza to withdraw the money. Skenderbeg authorized the treasure representative, but according to the medieval practice the authorization needed to be legalized by a licensed notary. Such notaries were in Durres, Shkodër, Lezhë e Ulqin. Nonetheless, Skenderbeg chose Lezha, nobody knows why. Speaking about money, in Lezha were found enormous amounts of silver coins with Lissitan legend. It was also found the coin of the Illyrian king Ballaios, emitted in 167-135 B.C. They have the image of the Liburne ship, launched in 229-213 B.C, when Lezha was in its peak. In archeological excavations in our country and the territories where Albanian ethnicities live, the coins have a unique and extraordinary value. It is worth mentioning the coins of Demastion town found in the thirteenth century B.C, which included acropolis urban legends mentioned by Strabon. This Illyrian settlement near Kosovo, renown for mines of gold and silver, emitted coins with its name at the beginning of the fourth century B.C. One of the symbols used in coins is the miners` hammer. The first coins of Epidamn in the first half of the fifth century B.C comprised Corinthian symbols, etc. After the proclamation of Independence in Albania, November 28, 2012, Ismail Qemali established the National Bank which he called the second victory after the proclamation of independence”. The capital of the first Bank of Albania was 10,000,000 corona or 10,500,000 liras. The National Bank of Albania was the only institution who had the authority of emitting banknotes in English and French. The oldest bank in the world is Banco Monte dei Paschi di Siena. It was founded in 1472 and is operational even nowadays.

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