East Timor’s financial system essentially revolves around banking and currency exchange activities.

What currency to use in East Timor? I. According to data compiled by the Central Bank of East Timor 1 (Banco Central de Timor-Leste, hereinafter “BCTL”), the financial institutions currently operating in the East Timorese territory are:. 1. It was replaced by the Indonesian rupiah following East Timor's occupation by Indonesia.

crude); preparation, worth US$ 112,963.92 million. East Timor does not yet issue its own banknotes. 1 Euro = 1.13 Dollar 1 Dollar = 0.88 Euro. East Timor Country Growth v/s World Growth v/s GDP Growth PNG The Dollar Coins: 1 Dollar is made up of 100 Cents. four branches of foreign commercial banks: 3.1 The import into East Timor of any currency exceeding the equivalent of US $10,000 or the export from East Timor of any currency exceeding the equivalent of US $5,000 must be reported to the designated authority in East Timor. Introduction. East Timor or Timor-Leste (/tiˈmɔːr ˈlɛʃteɪ/; Tetum: Timór Lorosa'e), officially the Democratic Republic of Timor-Leste (Portuguese: República Democrática de Timor-Leste, Tetum: Repúblika Demokrátika Timór-Leste), is an island country in Southeast Asia. Currency and Monetary Arrangements for East Timor Gordon de Brouwer* Australian National University revised draft, 5 April 2001 Abstract East Timor faces an important decision in choosing its currency and monetary arrangements. It comprises the eastern half of the island of Timor, the nearby islands of Atauro and Jaco, and Oecusse, an exclave on the northwestern side of the island surrounded by Indonesian West Timor. It replaced the pataca at a rate of 5.6 escudos = 1 pataca and was equivalent to the Portuguese escudo. East Timor imported Semi-milled or wholly milled rice, worth US$ 27,891.79 million. The top five imported HS 6 digit level products from world by East Timor along with trade value are. The UN Transitional Administration in East Timor (UNTAET) announced last Monday that the US dollar would be the official currency of the former Portuguese colony and Indonesian territory… Officially it uses the US dollar but it also has its own coins – centavos – that are used alongside the US currency.

You may exchange your money for the at most Dili banks or at specialized stores called Foreign Exchange Bureaus. This paper presents an overview of recent developments and an assessment of macroeconomic conditions in East Timor as of mid November 2000. The currency in East Timor is US Dollar (USD). 1 There is little doubt that there have been many positive developments so far, but there also are questions about their sustainability over time.

East Timor is bounded by the Timor Sea to the southeast, the Wetar Strait to the north, the Ombai Strait to the northwest, and western Timor (part of the Indonesian province of East Nusa Tenggara) to the southwest.The eastern part of Timor island is rugged, with the mountains rising to 9,721 feet (2,963 metres) at Mount Tatamailau (Tata Mailau) in the centre of a high plateau. The dollar replaced the Indonesian rupiah in 2000 as the currency used in official transactions.

Dili is the capital of. Bargain with Dili's yellow taxi drivers before you start your journey. The climate in East Timor In East Timor, as in all equatorial countries, there is a tropical climate. In 2003, the dollar was introduced to the general economy as the official state currency. East Timor exported Seaweeds and other algae used for human consump, worth US$ 540.71 million. East Timor services export is 97,268,318.55 in BoP, current US$ and services import is 446,552,622.47 in Bop, current US$. East Timor centavo coins were introduced in East Timor in 2003 for use alongside United States dollar banknotes and coins, which had been introduced in 2000 to replace the Indonesian rupiah following the commencement of U.N. administration. East Timor Money . It comprises the eastern half of Timor (hence its name) and shares a border with Indonesia to the west. ; The Dollar Notes: The East Timorese currency notes are made up of Not yet issued. The Democratic Republic of Timor-Leste, commonly known as East Timor (Tetum: Timór Lorosa'e; Portuguese: Timor-Leste) is a sovereign state located in Southern Asia. There is a malae (foreigner) price for goods at … 1 Dollar is divided into 100 Cents. East Timor has an interesting situation with regard to its currency. The decision to adopt the dollar was made by the United Nations and the government of East Timor to salvage the country from political and economic instability. One centavo is equal to one US cent.