./.WORLD TRADE
ORGANIZATIONS/C/N/165
20 July 2001
(01-3605)
Council for Trade in Services Original:  English
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE
GENERAL AGREEMENT ON TRADE IN SERVICES
The following notification has been received from the delegation of the Republic of Albania.
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1. Member notifying:
Republic of Albania
2. Notification under:
Article III, paragraph 3 of the General Agreement on Trade in Services
3. Date of entry into force:
01 January 2001
Duration:
Indefinite
4. Agency responsible for implementati on and enforcement of the measure:
Bank of Albania
5. Description of the measures:
• Decision No. 105, dated 26 December 2000, "On some changes of the Regulation RD/1998
on Reserve Requirements of Monetary Deposits (liabilities against third parties) in Leks and
in foreign currency".
Description:
Item 3 of the regulation, paragraph 3:
The requirement reserve in foreign currency, since 1 January 2001 will be maintained only inUS dollars and in EURO.
Paragraph 5:
As a result of the reserve requirements in foreign currency, in the Bank of Albania will be
maintained current accounts only in US dollars and in EURO.S/C/N/165
Page 2
The calculation of the Reserve Requirements:
a) one half (1/2) [second ] of the yield of the treasury bonds three-monthly maturated in
the latest auction before the day when the reserve requirements begins to be
preserved;
b) one half (1/2) [second] of the interest,
LIBOR for the monthly term deposits in American dollars and EURO, at the day
when preserving of the reserve requirements in foreign currency begins.
6. Members specifically affected, if any:
None
7. The texts are available from:
Department of Monetary Policy
Banka e Shqiperise
Sheshi "Skenderbej", Nr. 1,
Tirane
Tel: (355 4) 222 230
222 752
235 568
Fax: (355 4) 223 558
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