Month: November 2019

SOLOMON ISLANDS NATIONAL FINANCIAL INCLUSION STRATEGY II (NFIS2) 2016-2020

SOLOMON ISLANDS NATIONAL FINANCIAL INCLUSION STRATEGY II (NFIS2) 2016-2020 The Second National Financial Inclusion Strategy (NFIS2) is premised on the G20 Principles for Innovative Financial Inclusion following the expiration of the first strategy in 2015. It has a four-year time frame with the work plans anticipated to complete by 2020. The NFIS2 generally extended the work plans of the first national strategy, but with more elaborated and clear objectives. Moreover, the NFIS2 was formulated based on a demand side survey for financial services which was conducted in early 2015. The first national strategy had focused on access to financial services while in this second strategy, the focus is on the usage of financial services. For more details a copy of the Second National Financial Inclusion Strategy (NFIS2) can be downloaded below. Download...

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Public Notice: Dr. Luke Forau appointed as new Governor to the Central Bank of Solomon Islands

Dr. Luke Forau appointed as new Governor to the Central Bank of Solomon Islands. The Central Bank of Solomon Islands (CBSI) wish to formally announce Dr. Luke Forau’s appointment as the new Governor to CBSI. Governor-General Sir David Vunagi, made the formal appointment on the 1st of October 2019, in exercise of the powers conferred by Section 41 (1) of the Central Bank of Solomon Islands Act 2012. The appointment was made on the recommendation of the Cabinet, and the Minister of Finance. Download Public...

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Press Release: Regional Regulatory Sandbox Consultations with Stakeholders

Regional Regulatory Sandbox Consultations with Stakeholders Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Alliance for Financial Inclusion (AFI) has successfully cohosted a 1-day consultation on the 8th November, on the Regional Regulatory Sandbox Guidelines with various stakeholders, representing the public and private sectors, development partners and civil society....

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Saving Your Money

Saving Your Money By CBSI Media Article No. : 12/2017 Welcome back to another feature length article from the Central Bank of Solomon Islands (CBSI). In this feature we now move onto the topic of SAVINGS and answer how best we can save our money, especially in the modern day and age. Life is full of uncertainties and no one knows what is in store for tomorrow, therefore it is important we understand some basics about saving our hard earned money.  ...

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Key Statistics

Inflation
(October, 2019) 2.1%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(January 08, 2020)SBD $4,902m
Interest Rates
(November, 2019)
Deposit Rate0.38%
Lending Rate10.47%
Money Supply
(January 08, 2020)SBD $5,057m

Exchange Rates

per
SBD
Today
24/01/2020
Last Week
17/01/2020
USD0.12180.1220
GBP0.09280.0934
EUR
0.11010.1095
AUD0.17780.1767
NZD
0.18470.1837
JPY13.333513.4292
SDR0.08830.0883
CNY0.8437 0.8399
Index111.6111.3

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