Month: May 2020

Governors Official Statement: Launching of the 2019 Annual Report

Statement by CBSI Governor, Dr Luke Forau at the launch of the 2019 CBSI Annual Report on 13th May 2020.  Dr. Luke Forau Governor Central Bank of Solomon Islands Official launching of the ceremony CBSI 2019 Annual Report -CBSI Board Room Honiara – 13th May, 2020 Download PDF Statement by CBSI Governor, Dr. Luke Forau at the launch of the 2019 CBSI Annual Report, on 13th May 2020 ___________________________________________________________________ Fellow Solomon Islanders, ladies and gentlemen, welcome to the soft-launch of the Central Bank of Solomon Islands Annual Report for 2019. Due to the coronavirus (or for short COVID-19) containment measures, it is regrettable that we won’t be launching this report in the normal way we used to do. Instead, we are launching this report in this virtual space. The CBSI Annual Report is one of the key events in the Bank’s calendar, where we highlight the economic performance of the country, and outline last year’s operations of the Bank. Also, I will share some insights into how we may need to move forward in terms of developing our economy. But first, at the outset, I would like to add that this is my first annual report launch as Governor of the Central Bank of Solomon Islands (CBSI). As such, I would like to acknowledge my predecessor, Mr. Denton Rarawa for his great leadership of the institution over the past...

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CBSI 2019 Annual Report

CBSI 2019 ANNUAL REPORT The 2019 Annual Report that was launched today by the Governor of the Central Bank of Solomon Islands is now available for download....

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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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