Banco Central de Timor-Leste

Banco Central de Timor-Leste (BCTL) is the central bank of East Timor located in its capital Dili.

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 Vasconselos
Central bank of East Timor
CurrencyEast Timor centavo coins
Reserves430 million USD[1]
Websitewww.bancocentral.tl/en

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
  • Abraão de Vasconselos, 2011-

References
  1. https://d-nb.info/1138787981/34
  2. "Welcome to Banco Central de Timor-Leste website". Retrieved 14 March 2017.

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

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