Welcome to the Central Bank of Solomon Islands

CBSI is the premier financial institution in the country and is at the center of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies.

> read more about us

Maintaining Price Stability

Our Primary Objective is to maintain price stability, Price stability is essential for sustainable economic growth and it represents one of the key outcomes that monetary policy aims to achieve.

> visit Monetary Policy

Maintaining a Stable Financial System.

An additional objective of the Central Bank of Solomon Islands, is to foster and to maintain a stable financial system.

> visit Financial Stability

KEY INDICATORS

Inflation
(October, 2020) -0.5%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(December 09, 2020)SBD $5,443m
Interest Rates
(September, 2020)
Deposit Rate0.45%
Lending Rate10.30%
Money Supply
(December 09, 2020)SBD $5,278m

LATEST NEWS

Revised Exchange control fees

Revised Exchange Control Fees.  The Central Bank of Solomon Islands wished to advise our valued customers and the general public that Financial Markets & Exchange Control Department has revised its Exchange Control Fees for 2021. Download the revised fees from the...

benefits of Trade

The benefits of trade By CBSI Media Article No. : 23/2020 The Solomon Islands economy would be best described as an “open economy” because we are free to trade with other countries. But what are the benefits to the country for engaging in trade? We take a look at some...

What you need to know about the SBD

What you need to know about the "SBD" By CBSI Media  Article No. : 22/2020 It has been a common misconception that our currency code SBD stands for Solomon British Dollar, or Solomon Bokolo Dollar. The initial SBD is the currency code given to our country. There is no...

How to protect yourself from lottery scam

How to protect yourself from lottery scam By CBSI media Article No. : 21/2020 Lottery scams follow a definite pattern. In almost every case, you’ll be contacted with the news that you’ve won a lottery prize. What happens next, though is what separates a scam from a...

The dangers of investing in pyramid Scheme

The Dangers of Investing in a Pyramid Scheme. By CBSI Media  Article No. : 20/2020 Solomon Islands is a major target for scammers and fraudsters who are actively spreading their networks through out the Pacific Region. Although statistics cannot really indicate the...

Quarterly Review (Q3) – September 2020

Quarterly Review (Q3) - September 2020 The third Quarterly review September 2020 is now available. The Quarterly Review is prepared by the Economics Research and Statistics Department of the Central Bank of Solomon Islands and published four times a year. It captures...

Central Province: More focus on Micro Insurance

Central Province: More focus on Micro Insurance  By Natasha EddieArticle No. : 19/2020 There should be more focus on developing micro-insurance products that can cater for the needs of rural Solomon Islands. This was the collective sentiment shared by the people of...

EXCHANGE RATES

Per
SBD
Today
15/01/2021
Last Week
08/01/2021
USD0.12460.1244
GBP0.09110.0917
EUR0.10260.1013
AUD0.16040.1603
NZD0.17300.1715
JPY12.940312.8997
CNY0.805980.8039
SDR0.08640.0861
Index105.8105.8

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