{"id":99519,"date":"2026-04-18T23:24:28","date_gmt":"2026-04-18T23:24:28","guid":{"rendered":"https:\/\/www.shqiperia.com\/blog\/?p=99519"},"modified":"2026-04-18T23:24:28","modified_gmt":"2026-04-18T23:24:28","slug":"si-u-be-franga-shqiptare-ne-vitet-30-monedha-me-e-fuqishme-e-europes","status":"publish","type":"post","link":"https:\/\/www.shqiperia.com\/blog\/si-u-be-franga-shqiptare-ne-vitet-30-monedha-me-e-fuqishme-e-europes\/","title":{"rendered":"Si u b\u00eb franga shqiptare n\u00eb vitet \u201930 monedha m\u00eb e fuqishme e Europ\u00ebs"},"content":{"rendered":"

\"\"<\/p>\n

19 Prill 2026<\/em><\/strong><\/p>\n

Nga Kreshnik KU\u00c7AJ<\/em><\/strong><\/p>\n

Gjat\u00eb Depresionit t\u00eb Madh q\u00eb pasoi kolapsin e Wall Street, nd\u00ebr t\u00eb tjera, bota u prek edhe nga kolapsi i sistemit monetar nd\u00ebrkomb\u00ebtar. Politika monetare e njohur si \u201cStandardi i Arit\u201d, parashikonte q\u00eb parat\u00eb n\u00eb qarkullim t\u00eb korrespondonin me nj\u00eb sasi ari t\u00eb caktuar. Praktikisht, skema mund\u00ebsonte p\u00ebrhapjen e parave let\u00ebr p\u00ebr t\u00eb rritur fuqin\u00eb bler\u00ebse duke krijuar instrumente krediti 3 her\u00eb m\u00eb tep\u00ebr sesa rezervat e arit t\u00eb grumbulluara n\u00ebp\u00ebr bankat q\u00eb emetonin kart\u00ebmonedhat. Kjo skem\u00eb n\u00eb thelb synonte zhvillimin e ekonomis\u00eb p\u00ebrmes mobilizimit t\u00eb forcave prodhuese t\u00eb vendit.<\/p>\n

Por ajo q\u00eb ndodhi pas kolapsit t\u00eb Wall Street dhe gjat\u00eb Depresionit t\u00eb Madh b\u00ebri q\u00eb shum\u00eb vende t\u00eb p\u00ebrballeshin m\u00eb v\u00ebshtir\u00ebsi t\u00eb shumta ekonomike dhe qeverit\u00eb t\u00eb mos mund t\u00eb nd\u00ebrhynin me politika monetare p\u00ebr shkak t\u00eb rregullave strikte q\u00eb parashikonte \u201cStandardi i Arit\u201d.<\/p>\n

Praktikisht, kriza kishte prodhuar monedha shum\u00eb t\u00eb forta dhe \u00e7mime shum\u00eb t\u00eb ul\u00ebta t\u00eb produkteve duke rrezikuar mbylljen e shum\u00eb sektor\u00ebve t\u00eb r\u00ebnd\u00ebsish\u00ebm t\u00eb ekonomis\u00eb, sikurse ishte bujq\u00ebsia.<\/p>\n

N\u00eb k\u00ebto kushte, hapin e par\u00eb e nd\u00ebrmerr Britani e Madhe n\u00eb vitin 1931 q\u00eb vendos t\u00eb mos zbatoj\u00eb m\u00eb sistemin monetar nd\u00ebrkomb\u00ebtar t\u00eb arit, e ndjekur n\u00eb vitin 1933 nga Shtetet e Bashkuara t\u00eb Amerik\u00ebs. Kjo l\u00ebvizje n\u00eb thelb u mund\u00ebsoi qeverive q\u00eb t\u00eb nd\u00ebrmerrnin politika monetare t\u00eb zhvler\u00ebsimit t\u00eb monedhave respektive, me q\u00ebllim q\u00eb t\u00eb ulnin barr\u00ebn e kamatave t\u00eb borxhit t\u00eb brendsh\u00ebm dhe t\u00eb nxisnin eksportet duke stimuluar zhvillimin e ekonomive komb\u00ebtare.<\/p>\n

Kjo praktik\u00eb u ndjek edhe nga vende t\u00eb tjera. Praktikisht St\u00ebrlina dhe Dollari amerikan u zhvler\u00ebsuan p\u00ebrmes nd\u00ebrhyrjeve qeveritare deri n\u00eb 40 %, duke mund\u00ebsuar q\u00eb me t\u00eb nj\u00ebjt\u00ebn sasi parash, t\u00eb bliheshin aq produkte sa bliheshin para kriz\u00ebs. Pra, vendet q\u00eb m\u00eb par\u00eb ishin pjes\u00eb e \u2018Standardit t\u00eb Arit\u2019, u detyruan q\u00eb t\u00eb zhvler\u00ebsojn\u00eb monedhat e tyre komb\u00ebtare me q\u00ebllim q\u00eb kart\u00ebmonedhat let\u00ebr t\u00eb kishin n\u00eb treg t\u00eb nj\u00ebjt\u00ebn vler\u00eb q\u00eb kishin pasur m\u00eb par\u00eb.<\/p>\n

Kjo l\u00ebvizje prodhoi m\u00eb pak kamat\u00eb p\u00ebr borxhet e brendshme, zhvillim t\u00eb eksporteve dhe fuqizim t\u00eb ekonomive komb\u00ebtare. Shum\u00eb studiues t\u00eb ndrysh\u00ebm mendojn\u00eb se vendte q\u00eb dol\u00ebn m\u00eb shpejt nga \u2018Standardi i Arit\u2019 pat\u00ebn rikuperim m\u00eb t\u00eb shpejt\u00eb ekonomik n\u00eb periudh\u00ebn e Depresionit t\u00eb Madh.<\/p>\n

\u00c7far\u00eb ndodhi n\u00eb Shqip\u00ebri? Franga shqiptare, monedha m\u00eb e fort\u00eb e Europ\u00ebs!<\/strong><\/p>\n

Jan\u00eb pak t\u00eb studiuara zhvillimet monetare q\u00eb kan\u00eb ndodhur n\u00eb Shqip\u00ebrin\u00eb e viteve \u201930, kur vendi p\u00ebrballej me pasojat e kriz\u00ebs globale ekonomike. Megjithat\u00eb, nj\u00eb panoram\u00eb sado t\u00eb vog\u00ebl, e jep nj\u00eb analiz\u00eb e Tajar Zavalanit e publikuar n\u00eb revist\u00ebn \u201cP\u00ebrpjekja Shqiptare\u201d t\u00eb Branko Merxhanit. N\u00eb analiz\u00ebn e titulluar \u201cSistemi yn\u00eb monetar\u201d t\u00eb publikuar n\u00eb numrin e n\u00ebntorit 1936,\u00a0 Zavalani b\u00ebn nj\u00eb analiz\u00eb se pse po zhvler\u00ebsoheshin monedhat e fuqishme t\u00eb bot\u00ebs si dollari apo st\u00ebrlina dhe ngre pyetjen: A duhet t\u00eb zhvler\u00ebsohet edhe frangu shqiptar?<\/p>\n

N\u00eb analiz\u00ebn e tij, Zavalani evidenton menj\u00ebher\u00eb se pas daljes s\u00eb Franc\u00ebs nga Standardi i Arit dhe zhvler\u00ebsimit t\u00eb frang\u00ebs franceze, praktikisht vet\u00ebm Frangu Shqiptar ishte monedha e vetme n\u00eb t\u00eb gjith\u00eb Europ\u00ebn q\u00eb kishte vler\u00eb t\u00eb barabart\u00eb me arin.<\/p>\n

\"\"\u201cStuhija e \u00e7vleft\u00ebsimit t\u00eb monedhave kaloi nga orizonti i kthiell\u00ebt shqiptar pa shkaktuar tronditjen e pares son\u00eb komb\u00ebtare. Pas alarmit t\u00eb dit\u00ebve t\u00eb para, opinion publik u qet\u00ebsua me deklaratat zyrtare se frangu shqiptar ishte i pamvarun dhe nuk do t\u00eb p\u00ebsonte fatin e monedhave q\u00eb u \u00e7k\u00ebput\u00ebn nga nj\u00eb pjes\u00eb e vleft\u00ebs s\u00eb tyre. K\u00ebsisoj u krijua nj\u00eb rekord: Shqip\u00ebria, vendi ekonomikisht m\u00eb i varf\u00ebr i Evrop\u00ebs, mbeti i vetmi shtet me monedh\u00eb t\u00eb plot-vlert\u00eb n\u00eb baz\u00eb ari, dometh\u00ebn\u00eb me monedh\u00ebn m\u00eb t\u00eb shtrenjt\u00eb. \u00cbsht\u00eb mir\u00eb a keq q\u00eb paraja jon\u00eb vazhdon t\u00eb ket\u00eb p\u00ebr baz\u00eb vleft\u00ebn e arit?<\/em>\u201d e nis analiz\u00ebn e tij Zavalani, duke u ndaluar n\u00eb disa elemente shpjegues para se t\u00eb jap\u00eb p\u00ebrfundimin e analiz\u00ebs s\u00eb tij p\u00ebr k\u00ebt\u00eb pyetje q\u00eb ngre.<\/p>\n

Zavalani evidentonte se Shqip\u00ebria kishte 10 vite q\u00eb p\u00ebrdorte nj\u00eb monedh\u00eb komb\u00ebtare, pasi m\u00eb her\u00ebt nuk kishte nj\u00eb bank\u00eb p\u00ebr emetimin e saj. Pas krijimit t\u00eb Bank\u00ebs Komb\u00ebtare, kart\u00ebmonedhat z\u00ebv\u00ebnd\u00ebsuan arin dhe shk\u00ebmbeheshin lirisht me ar. Vendi n\u00eb at\u00eb koh\u00eb kishte nj\u00eb struktur\u00eb primitive ekonomike por t\u00eb sh\u00ebndosh\u00eb. Kjo sepse rezervat e arit ishin shum\u00eb t\u00eb m\u00ebdha n\u00eb Shqip\u00ebri dhe vendi nuk kishte borxh publik. Disbalanc\u00ebn tregtare mes importeve dhe eksporteve e kompensonin d\u00ebrgesat e emigrant\u00ebve. Nj\u00eb nga efektet q\u00eb u ndje n\u00eb Shqip\u00ebri ishte se disa shqiptar\u00eb q\u00eb kishin depozituar para n\u00eb bankat e huaja, sidomos n\u00eb Zvic\u00ebr, ishin prekur nga zhvler\u00ebsimi i valutave t\u00eb huaja.<\/p>\n

M\u00eb tej, Zavalani shpjegon se arsyet q\u00eb i detyruan vendet e tjera q\u00eb t\u00eb zhvler\u00ebsojn\u00eb monedhat e tyre, nuk kishin vler\u00eb p\u00ebr Shqip\u00ebrin\u00eb.<\/p>\n

N\u00eb zhvler\u00ebsimin e monedhave, vendet e tjera mor\u00ebn p\u00ebr baz\u00eb dy faktor\u00eb; kamatat e borxheve dhe konkurrenc\u00ebn n\u00eb tregtin\u00eb e jashtme mes vendeve eksportuese. \u00a0E sipas Zavalanit, k\u00ebto dy arsye nuk ishin t\u00eb vlefshme p\u00ebr Shqip\u00ebrin\u00eb e p\u00ebr k\u00ebt\u00eb jep dhe arsyet p\u00ebrkat\u00ebse.<\/p>\n

\u201cN\u00eb Shqip\u00ebri asnj\u00ebri nga k\u00ebta dy faktor\u00eb nuk \u00ebsht’ aq’ i fort\u00eb sa t\u00eb p\u00ebrligj\u00eb nj\u00eb \u00e7vleft\u00ebsim t\u00eb frangut t’ on\u00eb. V\u00ebrtet \u00e7\u00ebshtja e borxheve t\u00eb br\u00ebnd\u00ebshme kishte marr\u00eb nj\u00eb form\u00eb kritike edhe nd\u00ebr neve. Por me moratoriumin e borxheve t\u00eb qytetit q\u00eb u dekretua dhe me konvertimin e borxheve t\u00eb katundit, q\u00eb pritet me sot me nes\u00ebr, kjo \u00e7\u00ebshtje humbet ashp\u00ebrsin e saj t\u00eb dikurshme dhe hyn n\u00eb nj\u00eb faz\u00eb regullimi. Sa p\u00ebr konkurenc\u00ebn n\u00eb tregjet e jashtme ne nuk kemi nj\u00eb prodhim industrial q\u00eb mund t\u00eb r\u00ebndohet nga shtrenjt\u00ebsia e monedh\u00ebs. T\u00eb vetmet produkte q\u00eb eksportojm\u00eb ne jan\u00eb disa l\u00ebnd\u00eb t\u00eb para bujq\u00ebsore dhe disa sende ushqimore.<\/em><\/p>\n

N\u00eb prodhimin e tyre elemente si interes kapitali, amortizim, rrog\u00eb pun\u00ebtor\u00ebsh nuk lozin asnj\u00eb rol. \u00c7mimet e k\u00ebtyre produkteve do t\u00eb ndjekin pjac\u00ebn nd\u00ebrkomb\u00ebtare dhe do t\u00eb caktohen n\u00eb baz\u00eb t\u00eb nj\u00eb monedhe stabile, sikund\u00ebr \u00ebsht\u00eb dollari sot. Q\u00eb tani u v\u00ebrtetua se \u00e7mimet e l\u00ebkur\u00ebve t\u00eb Shqip\u00ebris\u00eb n\u00eb lireta t\u00eb sotme kan\u00eb hipur n\u00eb m\u00ebnyr\u00eb q\u00eb \u00e7mimi i tyre n\u00eb fr. ari mbetet po ay q\u00eb ishte para \u00e7vleft\u00ebsimit.<\/em><\/p>\n

Por duke pranuar se frangu shqiptar nuk ka nevoj\u00eb t\u00eb \u00e7vleft\u00ebsohet kjo nuk dometh\u00ebn\u00eb se jemi t\u00eb m\u00ebndjes t\u00eb vazhdonj\u00eb gj\u00ebndja e sotme pa u marr\u00eb asnj\u00eb mas\u00eb. Ne po rrojm\u00eb me dyer hapur. Kemi nj\u00eb deficit t\u00eb ballanc\u00ebs treg\u00ebtare q\u00eb u stabilizua rrotull 8 milioneve. Ky deficit nuk po plot\u00ebsohet as me d\u00ebrgesat e emigrant\u00ebve, as me eksportime t\u00eb paduk\u00ebshme, as me nonj\u00eb t\u00eb ardhur tjet\u00ebr. Deri sot nuk kemi marr\u00eb nonj\u00eb mas\u00eb serioze p\u00ebr t\u00eb kufizuar importimet as p\u00ebr t\u00eb kontrolluar daljen e t\u00eb hollave jasht\u00eb kufirit.<\/em><\/p>\n

Pra duhet nj\u00eb p\u00ebrpjekje heroike p\u00ebr t\u00eb nxjerr\u00eb qerren e ekonomis shqiptare nga lluca e kriz\u00ebs kronike ku \u00ebsht\u00eb zhytur sot<\/em>\u201d shkruante nd\u00ebr t\u00eb tjera Zavalani.<\/p>\n

P\u00ebrtej asaj q\u00eb shkruan Zavalani n\u00eb analiz\u00ebn e vitit 1936, studiuesit e ekonomis\u00eb gjat\u00eb periudh\u00ebs s\u00eb regjimit komunist kan evidentuar se Shqip\u00ebria nuk ka p\u00ebrdorur nj\u00eb sistem klasik t\u00eb standardit t\u00eb arit dhe se duke qen\u00eb se Banka Komb\u00ebtare ishte n\u00eb kontrollin e shtetit italian, n\u00eb politik\u00ebn monetare q\u00eb ka aplikuar n\u00eb Shqip\u00ebri ka pasur n\u00eb fokus rritjen artificiale t\u00eb fuqis\u00eb bler\u00ebse t\u00eb frangut. Kjo l\u00ebvizje monetare, sikurse shkruan studiuesi Aleko Haxhi te \u2018Studime Historike\u2019 t\u00eb vitit 1964, kishte si q\u00ebllim \u201ct\u00eb nxis\u00eb dhe m\u00eb tej procesin e dithesarizimit t\u00eb arit\u201d.<\/p>\n

\u201cNj\u00eb nxitje e till\u00eb u b\u00eb edhe m\u00eb tep\u00ebr e domosdoshme si pasoj\u00eb e falimentimit t\u00eb plot\u00eb t\u00eb Bllokut t\u00eb Arit n\u00eb periudh\u00ebn 1934-1936, n\u00eb g\u00eb cilin b\u00ebnte pjes\u00eb edhe Italia.<\/em><\/p>\n

Rezervat e arit t\u00eb Italis\u00eb n\u00eb k\u00ebt\u00eb periudh\u00eb p\u00ebsuan nj\u00eb r\u00ebnie t\u00eb madhe prandaj ajo nd\u00ebrmori aksione t\u00eb reja q\u00eb t\u00eb kompensonte humbjet duke e zgjeruar politik\u00ebn e grabitjeve koloniale. \u00c7\u00ebshtja e dithesarizimit t\u00eb arit ka qen\u00eb n\u00eb qendr\u00ebn e v\u00ebmendjes s\u00eb politik\u00ebs monetare q\u00eb ndoqi Banka Komb\u00ebtare. Pik\u00ebrisht kjo politik\u00eb kusht\u00ebzoi edhe vet\u00eb nivelin e qarkullimit monetar gjat\u00eb gjith\u00eb periudh\u00ebs 14 vje\u00e7are t\u00eb veprimtaris\u00eb s\u00eb saj me regjimin e Zogut\u2026<\/em><\/p>\n

N\u00ebn drit\u00ebn e fakteve t\u00eb m\u00ebsip\u00ebrme, nuk \u00ebsht\u00eb e v\u00ebshtir\u00eb q\u00eb t\u00eb arrihet n\u00eb p\u00ebrfundimin se duke mbajtur n\u00eb m\u00ebnyr\u00eb artificiale n\u00eb nj\u00eb nivel t\u00eb lart\u00eb fuqin\u00eb bler\u00ebse t\u00eb frangut n\u00ebp\u00ebrmjet uris\u00eb s\u00eb paras\u00eb, kjo ishte n\u00eb dobi t\u00eb atyre klasave t\u00eb pasura q\u00eb ishin bart\u00ebsit e v\u00ebrtet\u00eb t\u00eb kapitaleve n\u00eb para dhe q\u00eb merreshin me tregtimin e tyre\u2026.<\/em><\/p>\n

Ndon\u00ebse vendi yn\u00eb gjat\u00eb gjith\u00eb periudh\u00ebs s\u00eb sundimit zogist dhe n\u00eb m\u00ebnyr\u00eb t\u00eb ve\u00e7ant\u00eb gjat\u00eb viteve 1929-1935 ndodhej n\u00eb nj\u00eb kriz\u00eb t\u00eb thell\u00eb sociale dhe ekonomike dhe sistemi monetar po shkiste gjithmon\u00eb e m\u00eb tep\u00ebr n\u00eb binar\u00ebt e standardit t\u00eb cunguar divizional t\u00eb arit, fuqia bler\u00ebse e frangut n\u00eb raport me paritetin e tij, si n\u00eb tregun e brendsh\u00ebm ashtu edhe n\u00eb at\u00eb t\u00eb jasht\u00ebm, nuk p\u00ebsoi ndonj\u00eb zhvler\u00ebsim dhe shkembehej me diviza t\u00eb huaja pa asnj\u00eb kufizim. Mbajtja e fuqis\u00eb bler\u00ebse t\u00eb frangut n\u00eb nj\u00eb nivel relativisht t\u00eb lart\u00eb n\u00eb nj\u00eb koh\u00eb kur lireta italiane dhe valutat e vendeve t\u00eb tjera evropiane po zhvler\u00ebsohehin nga viti n\u00eb vit, pati pasoja t\u00eb r\u00ebnda p\u00ebr vendin ton\u00eb.<\/em><\/p>\n

N\u00eb rrethanat e kriz\u00ebs bot\u00ebrore t\u00eb mbiprodhimit kur kurset zyrtare t\u00eb valutave t\u00eb huaja nuk i p\u00ebrgjigjeshin kursit real t\u00eb frangut u krijua nj\u00eb gjendje e difavorshme p\u00ebr vendin ton\u00eb n\u00eb marr\u00ebdh\u00ebniet e tregtis\u00eb s\u00eb jashtme<\/em>\u201d shkruante studiuesi Haxhi, nd\u00ebrsa e konsideronte mosdaljen e Shqip\u00ebris\u00eb nga \u2018Standardi i Arit\u2019 si nj\u00eb kund\u00ebr-operacion monetar.<\/p>\n","protected":false},"excerpt":{"rendered":"

19 Prill 2026 Nga Kreshnik KU\u00c7AJ Gjat\u00eb Depresionit t\u00eb Madh q\u00eb pasoi kolapsin e Wall Street, nd\u00ebr t\u00eb tjera, bota u prek edhe nga kolapsi i sistemit monetar nd\u00ebrkomb\u00ebtar. Politika monetare e njohur si \u201cStandardi i Arit\u201d, parashikonte q\u00eb parat\u00eb n\u00eb qarkullim t\u00eb korrespondonin me nj\u00eb sasi ari t\u00eb caktuar. Praktikisht, skema mund\u00ebsonte p\u00ebrhapjen e […]<\/p>\n","protected":false},"author":9,"featured_media":99520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27,85,35,86],"tags":[],"class_list":["post-99519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogu-i-udhetarit","category-histori","category-shoqerore","category-trashegimi-kulturore"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.shqiperia.com\/blog\/wp-content\/uploads\/2026\/04\/657ee5d2a582f3.67424908-original.jpg?fit=2100%2C1138&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Z6wp-pT9","jetpack-related-posts":[{"id":83728,"url":"https:\/\/www.shqiperia.com\/blog\/pergatitja-per-me-te-keqen-banka-qendrore-polake-behet-bleresi-me-i-madh-i-arit\/","url_meta":{"origin":99519,"position":0},"title":"P\u00ebrgatitja p\u00ebr m\u00eb t\u00eb keqen? Banka Qendrore polake b\u00ebhet bler\u00ebsi m\u00eb i madh i arit!","author":"Kurt Farka","date":"August 26, 2024","format":false,"excerpt":"26 Gusht 2024 Banka Komb\u00ebtare e Polonis\u00eb (NBP), e njohur gjithashtu si Narodowy Bank Polski, u b\u00eb bler\u00ebsi i p\u00ebrbashk\u00ebt m\u00eb i madh i arit midis bankave qendrore n\u00eb tremujorin e dyt\u00eb t\u00eb 2024, duke u lidhur me Indin\u00eb, sipas K\u00ebshillit Bot\u00ebror t\u00eb Arit. 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