Month: 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....

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Why 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....

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Key Statistics

Inflation
(May, 2019) 1.0%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(August 14, 2019)SBD $5,074m
Interest Rates
(June, 2019)
Deposit Rate0.35%
Lending Rate10.72%
Money Supply
(August 14, 2019)SBD $5,140m

Exchange Rates

per
SBD
Today
21/08/2019
Last Week
14/08/2019
USD0.12120.1214
GBP0.09980.1006
EUR
0.10920.1083
AUD0.17870.1795
NZD
0.18880.1879
JPY12.881112.7880
SDR0.08840.0882
CNY0.8560 0.8577
Index112.3112.4

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