1 Frank Kart

Vlorë's 1924 municipal scrip belongs to a brief, chaotic window in Albanian monetary history — the period between the collapse of the short-lived Republic of Korçë's local arrangements and the eventual stabilization under the Zog government. With no functioning central bank and a patchwork of foreign coins in daily use, several Albanian municipalities resorted to locally issued emergency paper. Vlorë, as a port city with its own political ambitions dating back to Ismail Qemali's 1912 declaration of independence there, had both the administrative apparatus and the motivation to act unilaterally.

These municipal issues were never officially sanctioned by Tirana and circulated only within tight geographic limits. Survival rate is low — not because of heavy use, but because there was little reason to preserve what was essentially discarded scrip once central currency became available.