Year: 2020

Press Release: CBSI warns Public to be vigilant against Emerging Fast Money Schemes

CBSI warns public to be vigilant against Emerging Fast Money Schemes The Central Bank of Solomon Islands (CBSI) along with the Solomon Islands Financial Intelligence Unit (SIFIU) is again warning the general public to avoid investing in any new and emerging fraudulent fast money-making schemes.  Promoters of these emerging schemes are now desperate to lure new members into joining their pyramid and Ponzi schemes solely to get more money from people....

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CBSI Partners with Stakeholders to Initiate Solomon Islands Digital Marketplace (COVID-19 Response & Recovery) Project

CBSI Partners with  Stakeholders to Initiate Solomon Islands Digital Marketplace (Covid-19) Response & Recovery Project. Honiara 07.29.20 – The Central Bank of Solomon Islands (CBSI) along with the United Nations Development Programme (UNDP) and the United Nations Capital Development Fund – Pacific Financial Inclusion Programme (UNCDF-PFIP) have partnered with Bulk shop to initiate The Solomon Islands Digital Marketplace (COVID-19 Response & Recovery) Project....

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Where you can save your money

Where you can save your money By CBSI Media  Article No. : 10/2020 Welcome back to another feature length article from the Central Bank of Solomon Islands (CBSI). Last week we looked at the differences between commercial banks and CBSI. This week, we take it a bit further by introducing the topic of SAVINGS in banks. Here we look at SAVINGS directly and answer how best people can save their money with banks, and why it is important.  ...

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CBSI $5 Banknote Won Gold Medal

CBSI $5 Banknote won Gold Medal  By CBSI Media  Article No. : 08/2020 The Central Bank of Solomon Islands (CBSI) is thrilled to learn that the newly launched $5 polymer note has won a Gold Medal in the 2020 Print Industry Craftmanship Awards (PICA), an Australian Print & Visual Communication Association industry competition. This award was in the Specialty category for printers applying new innovative and current technologies in unique ways. Entries included promotional printing, 3D printing, letterpress, architectural printing, glass printing, screen printing, laser etching and textile printing.  ...

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Key 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 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

per
SBD
Today
05/08/2020
Last Week
29/07/2020
USD0.12140.1214
GBP0.09300.0938
EUR
0.10310.1036
AUD0.16970.1696
NZD
0.18350.1823
JPY12.849612.7519
SDR0.08630.0864
CNY0.8475 0.8502
Index109.7109.6

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