Welcome to the Central Bank of Solomon Islands

CBSI is the premier financial institution in the country and is at the center of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies.

> read more about us

Maintaining Price Stability

Our Primary Objective is to maintain price stability, Price stability is essential for sustainable economic growth and it represents one of the key outcomes that monetary policy aims to achieve.

> visit Monetary Policy

Maintaining a Stable Financial System.

An additional objective of the Central Bank of Solomon Islands, is to foster and to maintain a stable financial system.

> visit Financial Stability

KEY INDICATORS

Inflation
(May, 2020)	7.2%
GDP (2017) Actual (source: SINSO)	Constant 2012 prices
Real GDP	SBD$ 10,547m
Nominal GDP	SBD$ 11,703m
Real GDP Growth	5.3%
Foreign Reserves
(July 29, 2020)	SBD $5,728m
Interest Rates (May, 2020)
Deposit Rate	0.45%
Lending Rate	10.81%
Money Supply
(July 29, 2020)	SBD $5,081m

Monetary Statistics - July 29, 2020

Financial Inclusion

LATEST NEWS

Press Release: CBSI warns Public to be vigilant against Emerging Fast Money Schemes

Jul 30, 2020 | Media, Press Releases

CBSI warns public to be vigilant against Emerging Fast Money Schemes The Central Bank of Solomon Islands (CBSI) along with the Solomon Islands Financial Intelligence Unit (SIFIU) is again warning the general public to avoid investing in any new and emerging fraudulent...

CBSI Partners with Stakeholders to Initiate Solomon Islands Digital Marketplace (COVID-19 Response & Recovery) Project

Jul 29, 2020 | Media, Press Releases

CBSI Partners with Stakeholders to Initiate Solomon Islands Digital Marketplace (Covid-19) Response & Recovery Project. Honiara 07.29.20 – The Central Bank of Solomon Islands (CBSI) along with the United Nations Development Programme (UNDP) and the United Nations...

Where you can save your money

Jul 28, 2020 | Article, Media

Where you can save your money By CBSI Media Article No. : 10/2020 Welcome back to another feature length article from the Central Bank of Solomon Islands (CBSI). Last week we looked at the differences between commercial banks and CBSI. This week, we take it a bit...

What is the difference between a Central Bank & Commercial Bank?

Jul 28, 2020 | Article, Media

Difference Between a Central Bank & Commercial Bank By CBSI Media Article No. : 09/2020 A lot of people have misunderstood the functions of these two banks. Hence this article aims to help you understand the differences between Central Bank & Commercial...

CBSI $5 Banknote Won Gold Medal

Jul 28, 2020 | Article, Media

CBSI $5 Banknote won Gold Medal By CBSI Media Article No. : 08/2020 The Central Bank of Solomon Islands (CBSI) is thrilled to learn that the newly launched $5 polymer note has won a Gold Medal in the 2020 Print Industry Craftmanship Awards (PICA), an Australian...

Central Bank as Banker and Advisor to the Government

Jul 28, 2020 | Article, Media

Central Bank as Banker and Advisor to the Government By CBSI Media Article No. : 06/2020 All central banks act as banker and adviser to their respective governments. Section 27 (1) of Central Bank of Solomon Islands Act 1976, amended in 1985 provides that CBSI shall...

What is NPS and why is it important?

Jul 28, 2020 | Article, Media

What is NPS and why is it important? By CBSI Media Article No. : 07/2020 This week, in our weekly features article, we look at the National Payments System (NPS) This is currently one of the major undertakings the Solomon Islands Government (SIG) Central Bank of...

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