Bank of Albania denies having ‘printed money’ to finance HQ
Allegations over 2010 purchase of Tirana property resurface after leaked state audit
A report alleges that the Bank of Albania printed €30 million ($33.4 million) outright to purchase and renovate a new office in 2010.
The report, by investigative news outlet Balkan Insight, references a leaked classified document from the Albania supreme state audit body. It says that the central bank had used monetary issuance to fund the purchase and renovation of Hotel Dajti, a 1940s-era landmark in the capital Tirana.
The central bank reportedly paid €30 million for the hotel in 2010 and
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