Mandate
Banco Central Timor-Leste (BCTL) was established by law as the central bank of
Timor-Leste. Our mandate provides the legal foundation for our objectives and
the responsibilities we carry out to serve the nation.
Legal Basis
BCTL is established under the Organic Law of Banco Central Timor-Leste (Law No.
5/2002, of 27 August) as an independent institution with its own legal
personality and administrative, financial and operational autonomy.
Our Mandate
Our mandate is to achieve and maintain price stability, promote a sound and
stable financial system, and support the general economic policies of the
Government, without prejudice to our primary objective of price stability.
Our Mandate in Action
Price Stability
Maintain low and stable inflation to protect the purchasing power of the
people and support sustainable economic growth.
Financial Stability
Promote a sound, resilient and efficient financial system and monitor and
mitigate systemic risks.
Financial System Development
Support the development of a competitive, inclusive and well-regulated
financial system.
Payment Systems
Promote the safety, efficiency and reliability of payment and settlement
systems.
Support to Government
Support the general economic policies of the Government, without prejudice
to the primary objective of price stability.
Our Commitment
We are committed to independence, transparency, accountability and excellence
in all that we do for the people of Timor-Leste.
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Organic Law
