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Banco Central de Timor-Leste

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East Timor Central Bank
Banco Central de Timor-Leste / Banku Sentrál Timor-Leste
HeadquartersAvenida Xavier do Amaral No. 9, Dili, East Timor
Established13 September 2011
Ownership100% state ownership[1]
GovernorAbraão de Vasconcelos
Central bank of East Timor
CurrencyEast Timor centavo coins
Reserves430 million USD[1]
Websitewww.bancocentral.tl/en

Banco Central de Timor-Leste (Portuguese: Banco Central de Timor-Leste, BCTL, lit. 'East Timor Central Bank'; Tetum: Banku Sentrál Timor Lorosa'e) is the central bank of East Timor located in its capital Dili.

BCTL was formally established on 13 September 2011, replacing the Banking and Payments Authority of Timor-Leste (BPA) and the Central Payments Office. It is responsible for the monetary policy.

The main functions: [2]

  • conducting policies to maintain domestic price stability
  • fostering the liquidity and solvency of a stable market-based banking and financial system
  • providing the foreign exchange policy
  • promoting a safe, sound, and efficient payment system
  • supporting the general economic policies of the government.

Governors

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Image Name Took office Left office Notes
Abraão de Vasconcelos September 2011 Incumbent [3]

See also

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References

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  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "Welcome to Banco Central de Timor-Leste website". Retrieved 14 March 2017.
  3. ^ "REPÚBLICA DEMOCRÁTICA DE TIMOR-LESTE | Jornal da República". www.mj.gov.tl.

Article contains translated text from Banco Central de Timor-Leste on the Portuguese Wikipedia retrieved on 14 March 2017.

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