Albanian lek

The lek (Albanian: Leku Shqiptar; plural lekë) (sign: L; code: ALL) is the official currency of Albania. It is subdivided into 100 qindarka (singular qindarkë), although qindarka are no longer issued.

History

The lek was introduced as the first Albanian currency in February 1926.

Before then, Albania was a country without a currency, adhering to a gold standard for the fixation of commercial values. Before the First World War the Ottoman Turkish piastre was in full circulation, but following the military occupation of the country by various continental powers the gold franc (Franc Germinal) was adopted as the monetary unit. In 1923 Italian paper circulated at Scutari, Durazzo, Valona, and Argyro-Castro, and the Greek drachma at Kortcha, the values of which varied according to locality and the prevailing rates of exchange as compared with gold.

Etymology

The lek was named after Alexander the Great, whose name is often shortened to Leka in Albanian. Alexander's portrait appeared on the obverse of the 1 lek coin, while the reverse showed him on his horse.

Currency

A currency (from Middle English: curraunt, "in circulation", from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. Under this definition, British pounds, U.S. dollars, and European euros are examples of currency. These various currencies are recognized stores of value, and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.

Other definitions of the term "currency" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain political jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value. Digital currency has arisen with the popularity of computers and the Internet.

Currency (disambiguation)

Currency in economics may refer to:

Currency may also refer to:

See also

Fictional universe of Harry Potter

The fictional universe of J. K. Rowling's Harry Potter series of fantasy novels comprises two distinct societies: the wizarding world and the Muggle world. The Muggle World is the series' name for the world inhabited by the non-magical majority, with which the wizarding world exists coextensively, albeit mostly remaining hidden from the non-magical humans. The plot of the series is set in 1990s Britain, but in a veiled and separate shadow society wherein magic is commonly used and practiced, and those who can use it live in self-enforced seclusion, hiding their abilities from the rest of the world. The term "wizarding world" refers to the global wizard community that lives hidden in parallel with the Muggle world; the different terms refer to different communities within the same area rather than separate planets or worlds.

Fundamentals

The entire Harry Potter series is set from 1991 to 1998 aside from the opening chapter of the first book, which takes place on 1 November 1981, and the epilogue of the seventh book, which takes place on 1 September 2017. The depiction of the wizarding world is centred on magic, which not only imbues objects such as wands, but is portrayed as an inborn ability. It is also centred on the separation of the wizarding world from the non-wizarding, or Muggle world. Despite being an inherent talent, magic is honed through study and training into a skill.

Lek

Lek or LEK may refer to:

See also

Leak (film)

Leak (Dutch: Lek) is a 2000 Dutch thriller film directed by Jean van de Velde.

Cast

Awards

References

External links

De Lek

De Lek was a heerlijkheid (manor) and municipality in the Netherlands, located in the province South-Holland. It is named after the Lek River.

Heerlijkheid

According to the 19th-century historian Van der Aa, the old Heerlijkheid van de Lek covered the villages Lekkerkerk, Krimpen aan de Lek, Krimpen aan den IJssel, Ouderkerk aan den IJssel, Berkenwoude and Stormpolder, and possibly Nieuw-Lekkerland. This was a large area east of Rotterdam.

The first Lord of the Lek is reported to be a younger brother of Diederik II of Brederode. After his death around 1063, the heerlijkheid became first a property of the lords of Teilingen, and then of the lords of Polanen. When Engelbert I of Nassau married Johanna van Polanen van der Lekke in 1404, the possession went to the house of Nassau. After the death of Prince Maurice of Nassau, De Lek was inherited by his illegitimate son William, who called himself Nassau-LaLecq after De Lek. The last descendant of this family was Jan Floris van Nassau-Lalecq, who died in 1824.