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
(October, 2020)	-0.5%
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
(December 09, 2020)	SBD $5,443m
Interest Rates (September, 2020)
Deposit Rate	0.45%
Lending Rate	10.30%
Money Supply
(December 09, 2020)	SBD $5,278m

Monetary Statistics - December 09, 2020

Financial Inclusion

LATEST NEWS

Revised Exchange control fees

Jan 4, 2021 | Announcements

Revised Exchange Control Fees. The Central Bank of Solomon Islands wished to advise our valued customers and the general public that Financial Markets & Exchange Control Department has revised its Exchange Control Fees for 2021. Download the revised fees from the...

benefits of Trade

Jan 1, 2021 | Article, Media

The benefits of trade By CBSI Media Article No. : 23/2020 The Solomon Islands economy would be best described as an “open economy” because we are free to trade with other countries. But what are the benefits to the country for engaging in trade? We take a look at some...

What you need to know about the SBD

Jan 1, 2021 | Article, Media

What you need to know about the "SBD" By CBSI Media Article No. : 22/2020 It has been a common misconception that our currency code SBD stands for Solomon British Dollar, or Solomon Bokolo Dollar. The initial SBD is the currency code given to our country. There is no...

How to protect yourself from lottery scam

Jan 1, 2021 | Article, Media

How to protect yourself from lottery scam By CBSI media Article No. : 21/2020 Lottery scams follow a definite pattern. In almost every case, you’ll be contacted with the news that you’ve won a lottery prize. What happens next, though is what separates a scam from a...

The dangers of investing in pyramid Scheme

Jan 1, 2021 | Article, Media

The Dangers of Investing in a Pyramid Scheme. By CBSI Media Article No. : 20/2020 Solomon Islands is a major target for scammers and fraudsters who are actively spreading their networks through out the Pacific Region. Although statistics cannot really indicate the...

Quarterly Review (Q3) – September 2020

Dec 14, 2020 | Publication, Quarterly Reviews

Quarterly Review (Q3) - September 2020 The third Quarterly review September 2020 is now available. The Quarterly Review is prepared by the Economics Research and Statistics Department of the Central Bank of Solomon Islands and published four times a year. It captures...

Central Province: More focus on Micro Insurance

Dec 14, 2020 | Article, Media

Central Province: More focus on Micro Insurance By Natasha EddieArticle No. : 19/2020 There should be more focus on developing micro-insurance products that can cater for the needs of rural Solomon Islands. This was the collective sentiment shared by the people of...

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