Month: March 2020

Public Notice: CBSI COVID -19 Precautionary Measures

PUBLIC NOTICE: CBSI COVID -19 Precautionary Measures  The Central Bank of Solomon Islands (CBSI) wish to inform the general public, clients/customers and stakeholders that the following precautionary actions listed below will be implemented in order to limit the exposure and risks related to COVID-1 Effective as of Monday 30th of March 2020, the following measures must be adhered to: All visitors (customers, clients, consultants etc.) including staff shall go through a mandatory body temperature screening outside of the building before entering the main door. Visitors or customers who have failed their temperature screening tests shall be denied entry/access into the building. All inbound external customers or consultants shall be prohibited from entering the building unless they have satisfied the minimum health requirements set down by MHMS and have duly completed their 14 days of isolation requirement. All bilateral face to face meetings with domestic stakeholders shall be through a virtual platform until such time the WHO announces a complete eradication of the COVID-19 pandemic. All Exchange Control Applications, Currency Requisition Forms, SIG Payment Advices for local and external creditors, Small Business Finance Guarantee Scheme Applications or any other applications or forms of similar nature for assessment must be submitted to CBSI through electronic means or via an online platform. These measures are subjected to review by the CBSI. _____________________________________________________________________________________  For more information, please contact Central Bank of Solomon Islands...

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Monetary Policy Statement for March 2020

Monetary Policy Statement for March 2020  The Central Bank of Solomon Islands (CBSI) Board at its meeting held on March 12th 2020 adopted an expansionary monetary policy stance for the next six months, and aims to support growth in the economy, as inflation is expected to remain within its desired level.  This decision was taken considering the expected slowdown in global growth than previously anticipated, moderate growth prospects for 2020 and, risks around this outlook. Download Press...

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CBSI Reiterates Position on ONE LINK PACIFICA

CBSI Reiterates Position on ONE LINK PACIFICA The Central Bank of Solomon Islands (CBSI) wish to clearly state that its position on the ONE LINK PACIFICA (OLP) issue remains unchanged and that people should refrain from investing in the scheme....

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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
CNY0.8466 0.8475

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