Banco Central de Timor-Leste

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

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

  • 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.
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