, will be discussed at length during the conference. dear participants, the conference is not the only activity the museum has organised about numismatics, economic, monetary and financial history. we have also organised for the general public a cycle of lectures called “ museum nights ”, with lectures delivered by experts in the field of numismatics, history and economy. also, in cooperation with the institute of archaeology, a one - week seminar was organised on ancient coins, attended by the students of history, archaeology and cultural heritage. this year commemorates the pan - national year of skanderbeg, our national hero. the museum 1 / 2 bis central bankers'speeches has organised temporary exhibitions, displayed both inside and outside the museum, on the figure of skanderbeg, featured in the albanian currency. financial education has been given an important focus in the work of the museum. throughout the year, many students and young people have been involved in educational activities and projects, actively participating during the money week events, attending the lectures held at the museum, and using our educational publications and products. the museum will continue to work in these two aspects by supporting : i ) the scientific, economic, and monetary history of the country ; and ii ) the financial education of the new generations, with the support and cooperation with the most distinguished actors in these fields. as an institution that keeps and promotes an important part of the cultural heritage of the country, such as the currency, we are privileged and obliged to collaborate in order for the museum of the bank of albania not to be just an exposition of the rare collections, but a place where the public may find adequate and specialised literature and expertise to learn about the economic and monetary history, and become more financially educated. concluding, i would like to thank all the researchers, the speakers, the audience and our collaborators, who responded positively to our call for participation. with these words, i wish you all fruitful deliberations, i wish the conference all success and i wish all the guests an enjoyable stay in tirana. thank you! 2 / 2 bis central bankers'speeches

the drafting of a prudential and forward - guidance monetary is required from the successful accomplishment of this term. at the same time, in parallel with the primary objective, this policy should factorise the need for supporting the economic rebound and be harmonised with the fiscal consolidation process, in view of the sustained fiscal and financial strengthening of albania. in particular, i am confident that the prudential harmonisation of monetary and fiscal policies yields better economic results, in terms of both growth and stability. in a longer - term context, the operational framework of monetary policy should be completed with contingent instruments, like 3 / 5 bis central bankers'speeches those adopted by large central banks. the improvement of legal infrastructure and further development of financial markets is the pre - condition to this objective. nevertheless, the horizon of the next seven years provides for a sufficient timely dimension to meet it. the second priority is related to banking supervision and regulation ; with a view to further strengthen the financial stability of albania. in this view, the objective of my work will be : the establishment of all premises to bolster sound lending to economy. i deem that bank credit supply should not hamper the resilient and long - term growth of the country, but lending should follow all the required parameters of the management, for the preservation of banks soundness and the value of savings deposited din them. full adoption of basel ii and basel ii relevant practices and standards. greater convergence with the eu standards and accomplishment of further certifications by the european central bank in the supervision field. these certifications will reduce costs and increase efficiency of our banking system operation. complete re - scanning of our financial system – in collaboration with the world bank and the imf – ( financial sector assessment program ) – to enable the identification and correction of its weak points in a timely manner. i consider that special attention will be paid on : the activity of non - bank financial institutions and convergence of their practices and regulations with those of the banking system. this will boost the effectiveness of financial system and fair competition within and among various segments of this system ; fully efficient operation of the supervisory architecture of our financial system, starting from the financial stability advisory group ( fsag ) and continuing with the practices on information share and collaboration amid its regulatory institutions ; continuing the work for the reduction of foreign currency use in albania, aiming at increasing awareness of both public and private actors on the risk it bears, thus by strengthening the response of the albanian institutions. third priority relates to