Banco Central de Timor-Leste explained

Banco Central de Timor-Leste (pt|Banco Central de Timor-Leste, BCTL, ; tet|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.

See also

• List of central banks

References

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

External links

• Homepage

Notes and References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. Web site: Welcome to Banco Central de Timor-Leste website. 14 March 2017.
3. Web site: REPÚBLICA DEMOCRÁTICA DE TIMOR-LESTE Jornal da República . www.mj.gov.tl.