Month: February 2020

The Roles and Functions of the Central Bank of Solomon Islands

Roles & Functions of CBSI  By CBSI Media Article No. : 02/2020 In last week’s feature, we had a look at the history of the Central Bank of Solomon Islands (CBSI) This week we will look at the roles and functions of CBSI. Roles and functions of the Central Bank of Solomon Islands; CBSI The roles and functions of the Central Bank of Solomon Islands (CBSI) as the premier institution of the economy is governed by the CBSI ACT 2012.  ...

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Raynold Moveni appointed as new Deputy Governor to CBSI

Raynold Moveni Appointed as New Deputy Governor to CBSI Honiara, Solomon Islands – The Solomon Islands Government (SIG), through the Minister of Finance and Treasury, have appointed Mr. Raynold Micah Moveni to be the next Deputy Governor of the Central Bank of Solomon Islands (CBSI). This appointment was made in accordance with section 41(2) of the Central Bank of Solomon Islands Act 2012 and is for a period of 6 years effective from January 30, 2020....

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History of the Premier Financial Institution in the Country; CBSI

History of the premier financial institution in the country; CBSI By CBSI Media  Article No. : 01/2020 The Central bank of Solomon Islands (CBSI) is the premier financial institution in any economy. It is at the centre of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies. CBSI was first known as the Solomon Islands Monetary Authority (SIMA). From 1976 the Solomon Islands Monetary Authority (SIMA) carried out their required functions. The Monetary Authority (SIMA) dealt primarily with the issuing of currency, but did not fully undertake the role of implementing monetary policy. CBSI replaced SIMA in 1983.  ...

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Press Release: Money Laundering & Terrorism workshop good for Solomon Islands

Money Laundering & Terrorism Financing workshop good for Solomon Islands Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Solomon Islands Financial Intelligence Unit (SIFIU) successfully hosted a 3-day strategic implementation planning workshop on Anti Money Laundering (AML) and Criminal Finance Terrorism (CFT)....

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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
10/08/2020
Last Week
03/08/2020
USD0.12160.1214
GBP0.09320.0925
EUR
0.10310.1029
AUD0.16960.1697
NZD
0.18390.1826
JPY12.875312.8402
SDR0.08620.0860
CNY0.8466 0.8475
Index109.6109.70

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