Monthly Economic Bulletin – February 2019
Monthly Economic Bulletin – February 2019 The Monthly Economic Bulletin for January 2019 is now available....
Read MoreMonth: March 2019
Press Release: Insurance Bill Consultation
Insurance Bill Consultation The Central Bank of Solomon Islands (CBSI) and the Ministry of Finance and Treasury (MoFT) is conducting a nationwide consultation on the Insurance Bill 2018 in relation to changes to the Insurance Act....
Read MoreWhy New Banknotes?
Why New Banknotes? By CBSI Press Article No. : 01/2019 A lot of people may ask why the Central banks issue new bank notes. It’s really that simple. Advances in technology have provided counterfeits with better methods for imitating genuine banknotes. For this reason Central banks must develop more advanced security features. In addition, the Central Bank is also conscious of the need to introduce notes that are durable to ensure added life expectancy of notes in circulation....
Read MoreKey Statistics
| 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 |
Exchange Rates
| per SBD | Today 05/08/2020 | Last Week 29/07/2020 |
|---|---|---|
| USD | 0.1214 | 0.1214 |
| GBP | 0.0930 | 0.0938 |
| EUR | 0.1031 | 0.1036 |
| AUD | 0.1697 | 0.1696 |
| NZD | 0.1835 | 0.1823 |
| JPY | 12.8496 | 12.7519 |
| SDR | 0.0863 | 0.0864 |
| CNY | 0.8475 | 0.8502 |
| Index | 109.7 | 109.6 |