BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Banking and Payments Authority of Timor-Leste Banking and Payments Authority of Timor-Leste The Banking and Payments Authority performs the functions of a monetary authority. According to the Constitution it will be succeeded by the Central Bank of Timor-Leste.   The BPA enjoys legal, operational, administrative, and financial autonomy. It operates with the highest standards of transparency and accountability. Subordinated to this primary objective the BPA fosters the liquidity and solvency of a stable market-based banking and financial system, executes the foreign exchange policy of Timor-Leste, promotes a safe, sound, and efficient payment system, and supports the general economic policies of the government of Timor-Leste. The BPA has established effective relationships with central banks in neighboring countries, and in the Community of Portuguese-speaking Countries (CPLP), of which Timor-Leste is the most recent member. The enabling Regulation set the organization of the BPA which have a Governing Board, a management and a staff. The Governing Board is the highest organ in the Institution and is responsible to formulate policies for the operation of the PA and supervise their implementation. The US dollar is the legal tender in Timor-Leste. All denominations of US banknotes and coins circulate in the country. The BPA issues national coins as sub-units of the US dollar in denominations of 1, 5, 10, 25 and 50 cents. Banking and Payments Authority of Timor-Leste HQ Address: Avenida Bispo Medeiros P.O.BOX 59 - DILI TIMOR-LESTE Telephone: + 670 331 371 2 Facsimile: + 670 331 371 3 Website: www.bancocentral.tl Swift Code:   Currency: US dollar Banking Hours: Mon - Fri 9.30am - 3.30pm     Like all other central banks in the world, BPA must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. The BPA also responsible in determined the Base Rate in Timor-Leste. DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved