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.