Month: May 2019

Be alert, counterfeit activities on the rise

Be alert, counterfeit activities on the rise By CBSI media Article No. : 05/2019 Over the years the number of counterfeiting activities has increased in our country. The Central Bank of Solomon Islands (CBSI) has been keeping track on these illegal activities and would like to alert the public through our awareness programs....

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Governors remarks at the launching of the 2018 annual report

Governors remarks at the launch of the 2018 CBSI Annual Report, Denton Rarawa Governor Central Bank of Solomon Islands Launch of the 2018 Annual Report- Mendana Hotel Honiara – 20th May, 2019 Download PDF Salutations ·        The Honourable Minister of Finance & Treasury, ·        Other Honourable Ministers and Members of Parliament, ·        Representatives of the Diplomatic Corps, ·        Senior Government officials, ·        Central Bank Directors, ·        Heads of Statutory Authorities, ·        Heads of Financial Institutions, ·        Representatives of Non-Government Organizations, ·        Representatives of the Private Sector, ·        Representatives of the Media, ·        Ladies and gentlemen,   It is a pleasure and an honour to warmly welcome you all and thank you for accepting our invitation to the launch of CBSI’s 2018 Annual Report. This event is one of the important occasions in the Bank’s calendar.  It provides me an opportunity to account for the Bank’s operations and financial outcomes during the year. However, before I do that, let me first of all present to you an assessment of economic conditions last year, as well as share some food for thought on how we can progress our economy going forward. At last year’s annual report launch, I talked about the need to “reform to transform” our economy after 40 years of nationhood. Today, I want to focus on reforms in the next four to six years. What realistically we could...

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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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