./.WORLD TRADE
ORGANIZATIONS/C/N/164
20 July 2001
(01-3616)
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:
30 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. 102, dated 19 December 2000, approving the regulation "On Administration of
the Reserve Account in Leke by the Commer cial Banks, in the Bank of Albania".
Description:
The regulation "Maintaining the Reserve Account in Leke by the Commercial Banks, in the
Bank of Albania" aims supervising and administration of reserve account by fulfilling theseobjectives:
- maintaining the minimal eligible level of the reserve account at the end of the
working day equal to 95 per cent of the reserve requirements.S/C/N/164
Page 2
- regulating the relations between the Bank of Albania and the Commercial Banks, as
well as regulating the administrative relations within the departments of the Bank of
Albania in relation to the administration of this account;
- minimising the liquidity risk through supervising and administration of the statement
of reserve account during the working day.
This regulation abrogates the regulation "On Transactions concentration of commercial banks'
accounts near to the Department of Payments" approved by the Decision No. 9 dated
26 February 1998;  the instruction No. 31 dated 18 March 1999 "On Unification of current
account with reserve requirements' account, in one single account in Leke, of the commercial
banks";  as well as the "On some changes in the instruction for unification of current accountwith the account of reserve requirements of the commercial banks" approved by the Decision
No. 55 dated 21 June 2000.
6. Members specifically affected, if any:
None
7. The texts are available from:
Department of Monetary Operations
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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