MAIN ACTIVITIES

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The Central Bank of Timor-Leste (BCTL) carries out many of the functions usually assigned to a central bank. . One of the main activities is to provide the means of payment – United States banknotes and coins issued by the BCTL – 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.

Basic to the operations of the institution are the Payments System Departments   and of Financial System  Supervision, together with the IT division and of Division of Economic Studies and Statistics (produce Balance of Payments and Monetary Statistics ). The latter produces the BCTL’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 and other interested  topics and  the development of  national economy. The last is  third one is the BCTL Annual report.

The Bank 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.