lek ”. against this backdrop, the bank of albania is launching this awareness campaign, which will extend in time and will aim at being a comprehensive one, affecting various groups of interest. in a medium - term period, and through various channels, we aim at knocking at the doors of every albanian to uproot the terms “ new ” or “ old ”, by avoiding the confusion in the communication of prices and enhancing the correct reading of economic and financial indicators. lek is the national currency in albania, and the face value of each coin or banknote is the one written on it. nevertheless, the fact that this incorrect use is inherited in the day - to - day speaking and has been resistant for more than 55 years, illustrates that the sporadic and isolated efforts of a solely institution to rectify this phenomenon are insufficient. a joint and coordinated commitment among central institutions of the country, media and other relevant actors is crucial in this regard. particularly, the role of media is vital in this campaign, which through the transmission power to the public, has the skill to affect the mentality and communication pattern of the public at large. school, is another key factor for the establishment and cultivation of a new mentality. school may help for disrupting this 55 - year chain and not transmitting it to the young generation. on behalf of the bank of albania, i invite all the participating institutions, and more broadly, to join us in this meaningful and demanding commitment to educate the albanian public, with a view to abandoning forever the use of these outdated terms in the economic and financial interactions, and definitely turning it into a linguistic relict. i warmly thank you for the insofar contribution and allow me to recall once again that our currency is neither “ old ” nor “ new ”, but simply lek! 2 / 2 bis central bankers'speeches

border mergers and acquisitions, with a duty on competition authorities to facilitate welfare - enhancing consolidation while protecting and enhancing competition in each local market. finally, as a member of the eurosystem and the european system of financial supervision, the central bank of ireland shares with the european commission and european movement ireland a common commitment to working together on a pan - european basis in order to safeguard stability and protect consumers. only through a strong european union can we successfully manage the twin challenges posed by globalisation and technological change, with shared sovereignty the foundation for effective and sustainable international policymaking ( lane 2018 ). in closing, commissioner vestager : as a memento of your visit to the central bank, i would like to present to you our recent commemorative coin that marks the centenary of the women ’ s right to vote in 1918. 1 / 2 bis central bankers'speeches i look forward to listening to your speech at the close of this dinner. i thank valerie herzberg and micheal o ’ keeffe for their assistance in preparing these remarks. references dottling, robin, german gutierrez and thomas philippon ( 2017 ), “ is there an investment gap in advanced economies? if so, why?, ” in investment and growth in advanced economies, proceedings of ecb forum on central banking, 129 – 193. gutierrez, german and thomas philippon ( 2017 ), “ declining competition and investment in the us, ” cepr discussion paper no. 12536. gutierrez, german and thomas philippon ( 2018 ), “ how eu markets became more competitive than us markets : a study of institutional drift, ” cepr discussion paper no. 12983. lane, philip r. ( 2018 ), “ globalisation and the irish economy : a macro - financial perspective, ” geary lecture, economic and social research institute. vestager, margrethe ( 2019 ), “ the champions europe needs, ” - welt economic summit, berlin, 9 january. 2 / 2 bis central bankers'speeches