MAIN ACTIVITIES

Active Users online:  4

The BPA carries out many of the functions usually assigned to a central bank – into which it should be transformed in the near future . One of the main activities is to provide the means of payment – United States banknotes and coins issued by the BPA – through commercial banks to the economy.

Another important activity is the supervision of the activities of commercial banks to assure the stability and soundness of the national financial system and, with it, the economy in general, translating into a regime of moderate inflation. In the future, the regulation and supervision of insurance companies will be undertaken.

Basic to the operations of the institution are the Departments of Payments and of Supervision, together with the IT division and of Division of Economic Studies and Statistics (monetary). The latter produces the BPA’s three regular publications: a daily fact sheet containing information on exchange rates and financial markets and, each quarter (published on about the 15th of the first month each quarter), the “Economic Bulletin”, which contains information on economics topics and other themes of interest to those interested in the development of the national economy. The third one is the BPA Annual report.

The Authority also operates the clearing house for interbank payments and, as banker to the government; undertakes bank operations for the government and Timor-Leste’s public administration. This activity includes the management of the country’s financial and external reserves.