Month: October 2019

CBSI’s POSITION ON CRYPTOCURRENCIES

CBSI’s POSITION ON CRYPTO-CURRENCIES The Central Bank of Solomon Islands (CBSI) wishes to warn the general public that cryptocurrencies (i.e. virtual or digital currencies such as bitcoin, etherium, ripple, and others) are not currencies issued or regulated by the Central Bank. Download Public...

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Let’s hear from the experts – USA & China Trade War and its Impact to our Foreign Reserve

Let’s hear from the experts – USA & China Trade War and its Impact to our Foreign Reserve Op-Ed by Natasha Eddie, Ali Homelo, Charlie Kuper Article No. : 10/2019 The past two Sunday’s we looked at what Foreign Reserves is, its importance and some technical aspects to it. I had an opportunity to discuss with Mr Ali Homelo, Chief Manager Financial Market and Exchange Control Department of CBSI, the USA & China Trade War saga. And get contributions from Charlie Kuper, a Senior Investment Analyst for Financial Market and Exchange Control Department. I was keen to get their views on the global trade war and its likely impact to our Foreign Reserves. In this article the views and opinions expressed are of the contributors and do not necessarily reflect the policies and standing of CBSI....

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CBSI Monetary Policy Statement for September 2019

Monetary Policy Statement for September 2019 At its meeting held on October 3rd 2019, the Central Bank of Solomon Islands’ (CBSI) Board adopted an accommodative monetary policy stance for the next six months. Download Press Release Download Full...

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Key Statistics

Inflation
(January , 2020) 4.4%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(March 25, 2020)SBD $4,705m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(March 25, 2020)SBD $5,021m

Exchange Rates

per
SBD
Today
03/04/2020
Last Week
27/03/2020
USD0.12040.1205
GBP0.09720.0991
EUR
0.11090.1093
AUD0.19900.1991
NZD
0.20370.2048
JPY12.994813.2002
SDR0.08830.0884
CNY0.8549 0.8550
Index118.0118.2

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