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Banco Central de Timor-Leste

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

Banco Central de Timor-Leste (Portuguese: Banco Central de Timor-Leste, BCTL, lit. 'Central Bank of Timor-Leste'; Tetun: 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: [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
Image Abraão de Vasconcelos September 2011 2023 [3]
Image Hélder Lopes 2023 Incumbent [4]

See also

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References

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  1. 1 2 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.
  4. ↑ Zentralbank von Osttimor: Konsellu de-Administrasaun (KdA) Banco Central de Timor-Leste (BCTL) ohin realiza reuniaun extra ordinariu iha sala reuniaun BCTL, 13 September 2023, retrieved 15 September 2023.

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

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