ABOUT US

The Central Bank of Solomon Islands (CBSI) was first established in February 1983 under the Central Bank of Solomon Islands Act 1976 which was amended in 1985 and then later on adopting a new central bank act on November 2012. It 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. Therefore CBSI exercises discretionary control over the Country’s entire monetary system.

What the Bank does

Apart from defining monetary policies, issuing and managing of currency and banking supervision, the Central Bank of Solomon Islands is involved in many other tasks in order to work towards achieving its vision.

 

»  Responsibilities of CBSI
»  Mission, Vision and Values of CBSI
»  Overview of the Banks Functions and Operations (pdf)

Who we are

The Central Bank of Solomon Islands is a multicultural organization with approximately 200 staff employed, each performing a range of tasks and are dedicated to helping the Bank achieve its objectives:

 

»  Structure of the Bank
»  Organizational Chart (pdf)

Bank’s History

img_1059-webThe Bank was first established in 1976 where It began as a monetary authority; it was then given more powers and responsibilities when the authority was converted into a Central Bank in 1983. Now the Central Bank  has fully evolved as one of the key financial institutions in the Solomon Islands economy.

 

> read more on the Bank's History

Governance Documents

The Central Bank of Solomon Islands continue to produce documents on how the bank works. The following are documents that govern the Central Bank of Solomon Islands:

Central Bank of Solomon Islands Act 2012

The mandate of the Central Bank of Solomon Islands is spelled out in the Central Bank of Solomon Islands Act.

» view Central Bank of Solomon Islands Act 2012
Annual Report

The Central Bank is accountable to the Parliament and the Minister for Finance to publish one or more reports, approved by the Board, on the state of the economy during the financial year that just ended, including an outlook for the economy for the coming year, with emphasis on its policy objectives and the condition of the financial system of Solomon Islands.

> view recently published Annual Report
Statement of Financial Position / Balance Sheet

To understand the finances of a central bank, it is helpful to know how it operates in support of its mandate.

» view recent and past financial statements
Other Acts

Other acts that govern the Central Bank of Solomon Islands can be found under the Legislation section of the Website

Recruitment

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We are looking for highly competent individuals to engage in our dynamic, multicultural work environment.

» Recent and Past Vacancies