milionë

Milionë is a unit of currency used in Albania. It is the subdivision of the Albanian lek (ALL). Specifically, one hundredë milionë make up one Albanian lek. The term "milionë" is the plural form of "milionë," meaning "million" in Albanian. However, in the context of currency, it refers to the smallest denomination. The subunit of the lek was introduced with the reform of the Albanian currency in 1947. Before that, various currencies and subunits were in circulation. The current subdivision of the lek into one hundredëmillionë has been in place since the reform. Coins denominated in milionë are typically of low value and are rarely seen in everyday transactions due to inflation. The design and metal composition of these coins have varied over time, reflecting different periods of Albanian history and economic policy. While legally still a subdivision, the practical circulation and purchasing power of milionë coins are negligible.