Month: February 2019

What you need to know about the new commemorative note and coin

What you need to know about the new commemorative note and coin By CBSI Press Article No. : 04/2017 On the 5th of July, the Central Bank of Solomon Islands (CBSI) Governor Denton Rarawa and Permanent Secretary of Ministry of Finance Harry Kuma, unveiled the commemorative $40 banknote and $2 coin to celebrate and mark Solomon Islands 40 years of Independence. The commemorative note issued by CBSI is designed and printed by De La Rue on its safeguard polymer substrate while the $2 coloured coin is produced by the Royal Australian Mint (RAM).  Download full copy below....

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Norma puts Solomon Islands on the FI global map

Norma puts Solomon Islands on the FI global map By CBSI Press Article No. : 02/2018 She was among six of the top recipients from around the globe to receive the 2018 Young Generation award on the night of the sixth Alliance for Financial Inclusion (AFI) Awards in Sochi, Russia. Download copy of full article below.  ...

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Meet Women in Micro Business Who Inspire Us

Meet Women in Micro Business Who Inspire Us By Natasha Eddie Article No. : 01/2018 Last year I was part of a team from the Central Bank of Solomon Islands who went to few parts of Solomon Islands to assess women in micro businesses. I had a chance to talk with women who are dedicating their lives to invest in micro business activities. In developing countries like Papua New Guinea, Fiji and Solomon Islands, micro-small and medium businesses are an engine for economic growth- and startups can be a real step up for women and their families. Small businesses employ half of the worlds workers, and in families where the mother runs a business, children are much more likely to get an education and have much better health and employment outcomes. The full article was published on Solomon Business Magazine, the original can be downloaded below....

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Vacancy: Reconciliation Officer

Reconciliation Officer Vacancy No.:  03/2019 Department:  Finance & Accounting Work unit:      N/A Work type:      Full time Reports to:      General Ledger Accountant Download Info Download Form The Central Bank of Solomon Islands is seeking to recruit a suitable and qualified person for the position of Reconciliation Officer within the Finance & Accounts Department The potential candidate must have essential minimum experience and qualification below. Essential Qualification Minimum of a Diploma in Finance or Accounting. Bachelor Degree in Accounting or Commerce would be a bonus Computing Essential Experience Two or more years’ experience in accounting Responsibility Ensure general ledger balances of assets and liabilities of accounts under Finance & Accounts Department’s and other departments are kept accurate on a monthly basis. Complete Finance and Accounts Department reconciliation tasks in good time for review and approval Work together with other departments reconciliations officers to complete tasks in good time for review and approval. Follow up on variances and outstanding issues with responsible officers to be completed for review and approval in good time. Action postings required with General ledger Accountant to address variances and outstanding issues Work with Personal loans officer with regards to any details on staff loans: Management Car loan, Personal Loan Housing Loans and related Insurances Work with Payroll officer with regards to any payroll reconciliation details. Work with Payment Officer with regards to any loan receipts and payments....

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Key Statistics

(May, 2020) 7.2%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(July 29, 2020)SBD $5,728m
Interest Rates
(May, 2020)
Deposit Rate0.45%
Lending Rate10.81%
Money Supply
(July 29, 2020)SBD $5,081m

Exchange Rates

Last Week
CNY0.8475 0.8502

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