Central_Bank_of_East_Timor
Banco Central de Timor-Leste
Central Bank of East Timor
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.