Year: 2017

Remarks by Gane Simbe at the official opening of the PFIP Ideation Workshop

Remarks by Deputy Governor Gane Simbe at the official opening of the PFIP Ideation Workshop on saving clubs at the Heritage Park Hotel on 11 September 2017. Gane Simbe Deputy Governor, Central Bank of Solomon Islands Official Opening of the PFIP Ideation Workshop on Saving Clubs – Heritage Park Hotel Honiara – 11th September, 2017 Download PDF I thank PFIP team for inviting me to do the honor of making some brief remarks at the start of your workshop this morning, which focuses on exploring ideas on how to link savings clubs to formal financial institutions. Let me begin first by acknowledging the PFIP for the support and for the work that it has been doing in progressing financial inclusion in our country and importantly, on the projects with Savings Clubs that are so unique and necessary from the Solomon Islands context. We recognize the earlier work that PFIP had done in developing the Savings club manual with best practices following extensive field studies and thereafter their on-going support to institutions like World Vision, Live & Learn, Mother’s Union, Ministry of Women and others in promoting savings clubs in the remote rural communities of the country, primarily targeting women. This workshop, which will facilitate the next steps, in the exploring linkage of savings clubs with formal financial services, is indeed a good step forward and is in line with...

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Press Release: CBSI on POB Issue

CBSI on POB Issue (Honiara 04.09.17) – The Central Bank of Solomon Islands (CBSI) wish to advise the public to be cautious about bogus emails and misleading information currently circulating within Honiara about the internal operations of Pan Oceanic Bank (POB)....

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Monthly Economic Bulletin – July, 2017

Monthly Economic Bulletin – July, 2017 Monthly Economic Bulletin for July, 2017 is now available. PDF version can be downloaded below. Also visit our Monthly Economic bulletin page for past reports....

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Lets Get Digital; New Tax Payment System for the Nation

Let’s get digital; New Tax Payment System for the Nation By Natasha Eddie Article No. : 08/2017 Just recently this year, the Solomon Islands Government (SIG) made a commitment under the Better than Cash Alliance (BTCA) to use electronic payment channels. Following this commitment, the Pacific Financial Inclusion Programme (PFIP) in partnership with SIG Ministries, the banks and other stakeholders, ensured that a project targeting the Solomon Islands Government Inland Revenue Department (IRD) would help introduced a modernized and automated type of taxation system.  ...

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Key Statistics

Inflation
(November, 2017) 1.6%
GDP (2016)
RGDP (Real) *estimates SBD$ 4,607m
NGDP (Nominal) *estimates SBD$ 8,504m
Real GDP Growth3.5%
Foreign Reserves
(January 10, 2018)SBD $4,804m
Interest Rates
October, 2017)
Deposit Rate0.34%
Lending Rate10.50%
Money Supply
(January 10, 2018)SBD $4,812m

Exchange Rates

per
SBD
Today
19/01/2018
Last Week
12/01/2018
USD0.12870.1284
GBP0.09300.0950
EUR
0.10550.1071
AUD0.16150.1631
NZD
0.17690.1777
JPY14.312114.3041
SDR0.08940.0901
CNY0.82800.8360
Index105.0105.6

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