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<\/p>\nAjo q\u00eb thuhet n\u00ebn z\u00eb nga bankier\u00ebt, bizneset, ekspert\u00ebt e kursit t\u00eb k\u00ebmbimit, apo dhe individ\u00ebt, se nuk ka lek\u00eb n\u00eb qarkullim edhe pse ekonomia po rritet me ritme relativisht t\u00eb k\u00ebnaqshme prej mbi 4%, tashm\u00eb v\u00ebrtetohet edhe nga t\u00eb dh\u00ebnat zyrtare. Sipas statistikave t\u00eb Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb, paraja gjithsej n\u00eb qarkullim n\u00eb fund t\u00eb vitit 2018 arriti n\u00eb 1.26 trilion\u00eb lek\u00eb, duke shfaqur tendenc\u00eb r\u00ebn\u00ebse n\u00eb raport me vitin e m\u00ebparsh\u00ebm, me minus 3 miliard\u00eb lek\u00eb, ose me r\u00ebnie prej 0.2%. Ndon\u00ebse tendenca r\u00ebn\u00ebse \u00ebsht\u00eb e leht\u00eb, ky \u00ebsht\u00eb viti i par\u00eb, t\u00eb pakt\u00ebn q\u00eb nga 2002-shi, kur raportohen t\u00eb dh\u00ebnat, q\u00eb ky tregues vjen me r\u00ebnie, pas rritjes minimale t\u00eb vitit t\u00eb m\u00ebparsh\u00ebm (2017).<\/p>\n
Sipas Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb, q\u00eb i referohet t\u00eb dh\u00ebnave deri n\u00eb n\u00ebntor, ecuria e k\u00ebtij treguesi\u00a0 reflekton\u00a0 nga\u00a0 nj\u00ebra\u00a0 an\u00eb\u00a0 efektin\u00a0 statistikor\u00a0 t\u00eb\u00a0 mbi\u00e7mimit\u00a0 t\u00eb\u00a0 monedh\u00ebs\u00a0 vendase ndaj monedhave euro dhe usd, dhe nga ana tjet\u00ebr ndryshimet strukturore t\u00eb mbajtjes s\u00eb paras\u00eb, ku zhvendosja e depozitave n\u00eb maturitete mbi dy vjet ka qen\u00eb e pranishme gjat\u00eb gjith\u00eb vitit. Rregulluar p\u00ebr k\u00ebta dy faktor\u00eb, treguesi i paras\u00eb s\u00eb gjer\u00eb tregon p\u00ebr nj\u00eb rritje mesatare rreth norm\u00ebs 2%. Nga ana tjet\u00ebr, krijimi i ul\u00ebt i paras\u00eb n\u00eb ekonomi, reflekton financimin ende t\u00eb dob\u00ebt t\u00eb sektorit privat me mjete monetare nga sektori bankar, pohon Banka e Shqip\u00ebris\u00eb n\u00eb raportin e politik\u00ebs monetare.<\/p>\n
Nj\u00eb tjet\u00ebr shpjegim lidhet me ecurin\u00eb e dob\u00ebt t\u00eb depozitave n\u00eb lek\u00eb. T\u00eb dh\u00ebnat e Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb tregojn\u00eb se kursimet n\u00eb lek\u00eb n\u00eb fund t\u00eb 2018-s arrit\u00ebn n\u00eb 456 miliard\u00eb lek\u00eb, me nj\u00eb r\u00ebnie prej 3.7% (-17.5 miliard\u00eb lek\u00eb), me baz\u00eb vjetore.<\/p>\n
Ekspert\u00ebt e kursit t\u00eb k\u00ebmbimit kan\u00eb pohuar vazhdimisht se nj\u00eb nga arsyet e forcimit t\u00eb vazhduesh\u00ebm t\u00eb lekut dy vitet e fundit lidhet pik\u00ebrisht me qarkullimin e dob\u00ebt t\u00eb tij. Monedha vendase ka fituar mesatarisht 10 lek\u00eb gjat\u00eb dy viteve t\u00eb fundit. N\u00eb 2018-n, euro u k\u00ebmbye mesatarisht me 127 lek\u00eb, nd\u00ebrsa n\u00eb 2016-n, kursi mesatar ishte 137.4 lek\u00eb. Edhe aktualisht euro mbetet e n\u00ebn\u00e7muar duke u k\u00ebmbyer n\u00eb rreth 124-125 lek\u00eb.<\/p>\n
Por, si shpjegohet q\u00eb ndon\u00ebse ekonomia po p\u00ebrshpejton ritmet e rritjes, normat e interesit jan\u00eb n\u00eb nivele minimum historike (norma baz\u00eb \u00ebsht\u00eb 1%) nd\u00ebrsa paraja n\u00eb qarkullim po bie?<\/p>\n
Teorit\u00eb ekonomike n\u00eb fakt sugjerojn\u00eb t\u00eb kund\u00ebrt\u00ebn: \u201cNj\u00eb rritje n\u00eb ofert\u00ebn e paras\u00eb zakonisht ul normat e interesit, e cila, nga ana tjet\u00ebr, gjeneron m\u00eb shum\u00eb investime dhe vendos m\u00eb shum\u00eb para n\u00eb duart e konsumator\u00ebve, duke stimuluar k\u00ebshtu shpenzimet. Bizneset p\u00ebrgjigjen duke porositur m\u00eb shum\u00eb l\u00ebnd\u00eb t\u00eb para dhe duke rritur prodhimin. Zgjerimi i aktivitetit t\u00eb biznesit rrit k\u00ebrkes\u00ebn p\u00ebr pun\u00eb. E kund\u00ebrta mund t\u00eb ndodh\u00eb n\u00ebse oferta e paras\u00eb bie ose rritja e saj ngadal\u00ebsohet\u201d.<\/p>\n
Dr. Selami Xhepa, eksperti i ekonomis\u00eb dhe dekan n\u00eb Fakultetin Ekonomik, UET, ka pohuar m\u00eb her\u00ebt p\u00ebr Monitor se zhvillimet monetare i duken befasuese dhe krejt t\u00eb pazakonta. Ai thot\u00eb se r\u00ebnia e mas\u00ebs monetare ka vet\u00ebm nj\u00eb shpjegim: r\u00ebnien ekonomike. Sipas tij, r\u00ebnia e mas\u00ebs monetare \u00ebsht\u00eb kund\u00ebr logjik\u00ebs s\u00eb nevojave t\u00eb nj\u00eb ekonomie q\u00eb k\u00ebrkon politika ekspansioniste monetare. \u201cHistoria na tregon shum\u00eb shembuj kur kufizimi monetar, pra pak\u00ebsimi i ofert\u00ebs monetare ka shkaktuar r\u00ebnie t\u00eb ekonomis\u00eb dhe recesion ekonomik\u201d, shton ai.<\/p>\n
Nj\u00eb tjet\u00ebr zhvillim paradoksal \u00ebsht\u00eb se nd\u00ebrsa paraja gjithsej po bie, ajo jasht\u00eb bankave po rritet, nj\u00eb tregues ky i informalitetit t\u00eb shtuar dhe n\u00eb t\u00eb kund\u00ebrt t\u00eb tendenc\u00ebs globale q\u00eb po shkon drejt nj\u00eb ekonomie pa cash. N\u00eb fund t\u00eb vitit 2018, jasht\u00eb bankave qarkullonin 275.3 miliard\u00eb lek\u00eb, sa 21.9% e paras\u00eb gjithsej, niveli m\u00eb i lart\u00eb n\u00eb Europ\u00eb (mesatarja e eurozon\u00ebs \u00ebsht\u00eb rreth 9%, nd\u00ebrsa n\u00eb rajon treguesi luhatet n\u00eb 7-10%). Ky \u00ebsht\u00eb niveli m\u00eb i lart\u00eb i paras\u00eb jasht\u00eb bankave q\u00eb nga viti 2009, koh\u00eb kur u sh\u00ebnua nj\u00eb t\u00ebrheqje e depozitave si rrjedhoj\u00eb e frik\u00ebs s\u00eb krijuar nga kriza globale.<\/p>\n
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Ajo q\u00eb thuhet n\u00ebn z\u00eb nga bankier\u00ebt, bizneset, ekspert\u00ebt e kursit t\u00eb k\u00ebmbimit, apo dhe individ\u00ebt, se nuk ka lek\u00eb n\u00eb qarkullim edhe pse ekonomia po rritet me ritme relativisht t\u00eb k\u00ebnaqshme prej mbi 4%, tashm\u00eb v\u00ebrtetohet edhe nga t\u00eb dh\u00ebnat zyrtare. Sipas statistikave t\u00eb Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb, paraja gjithsej n\u00eb qarkullim n\u00eb fund t\u00eb […]<\/p>\n","protected":false},"author":1,"featured_media":411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[6,8],"tags":[],"yoast_head":"\n