Minister denies drug money drives strong currency

Albania’s economy minister has rejected claims that illegal drug money is behind the country’s strong national currency.

Minister Delina Ibrahimaj said official data explains the €8.5 billion entering the economy, pointing to €5.72 billion from tourism, €1.64 billion in foreign investment, and €1.12 billion in remittances.

She explained that this large supply of euros naturally raises the value of the local lek in a small financial market, accusing critics of ignoring basic economics.