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 |
LATEST NEWS
Revised Exchange control fees
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
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
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
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
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
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
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...
EXCHANGE RATES
Per SBD | Today 15/01/2021 | Last Week 08/01/2021 |
---|---|---|
![]() | 0.1246 | 0.1244 |
![]() | 0.0911 | 0.0917 |
![]() | 0.1026 | 0.1013 |
![]() | 0.1604 | 0.1603 |
![]() | 0.1730 | 0.1715 |
![]() | 12.9403 | 12.8997 |
![]() | 0.80598 | 0.8039 |
![]() | 0.0864 | 0.0861 |
Index | 105.8 | 105.8 |