Governor reacts to Dili Post report that the FED has rejected Timor-Leste State Payments

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Governor reacts to Dili Post report that the FED has rejected Timor-Leste State Payments

Governor reacts to Dili Post report that the FED has rejected Timor-Leste State Payments 11 | 03 | 2021

The Governor of Banco Central de Timor-Leste (BCTL), Mr. Abraao de Vasconselos, today denied that a report in the Dili Post about alleged actions of the Federal Reserve Bank of New York (FRB) was true. 

The report, under the headline “Federal Reserve Bank of America rejects three withdrawal requests from BCTL”, states that according to the Rector of Universidade da Páz (UNPAZ), Adolmando Amaral, the FRB has rejected three requests from the BCTL to make transfers in order to finance the state budget for 2021. click here