Author: Natasha Eddie

Press Release: CBSI Releases 2019 Financial Stability Report

CBSI Releases 2019 Financial Stability Report  The Central Bank of Solomon Islands, have just released the fourth edition of its Financial Stability Report (FSR) for the year 2019 as pursuant to section 31(4) of the CBSI Act 2012. The FSR report provides insights into the performances of the country’s financial system as well as the vulnerabilities and risks faced by the financial sectors in Solomon Islands. It also highlights the policy responses CBSI undertook across 2019 to maintain stability in the financial system. Governor Dr.Luke Forau officially released the FSR report today at the CBSI Board room with an official statement. Witnessing the event was the Deputy Governor, Raynold Moveni, Chief Manager for Financial System & Regulations Department (FSRD) Daniel Haridi and FSRD staff. Download PR Download...

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Governors Statement – 2019 Financial Stability Report Released

Governors Statement -2019 Financial Stability Report Released. Dr. Luke Forau Governor Central Bank of Solomon Islands Launching of the 2019 Financial Stability Report Honiara – 7th July, 2020 Download PDF Press Conference Statement On the Release of 2019 Financial Stability   CBSI Board Room 30 June 2020 11.00am   Introduction I am pleased to announce the release of the Central Bank of Solomon Islands (CBSI) Financial Stability Report for 2019. This edition is the fourth FSR Report to be released by CBSI. It is released pursuant to section 31(4) of the CBSI Act 2012. In this edition, the report provides insights into the performances as well as vulnerabilities and risks faced by the financial sector in Solomon Islands. It then goes to outline policy responses that CBSI had undertaken across 2019 to maintain stability in the financial system. International Developments Before elaborating further on the above, let me first of all briefly look at developments in the global market, as these developments have had impact on the domestic financial sector. Some changes have occurred since the CBSI released its 2018 FSR. In 2019, the global economy slowed down, with a growth rate of 2.9% compared to 3.9% growth in 2018. Despite the slowed growth, banks are capable to endure economic recession experienced in the global economy. Across Asia, China and Japan had implemented some control measures to mitigate risks...

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Financial Stability Report- 2019

FINANCIAL STABILITY REPORT- 2019 The financial stability report for 2019 is now available online.  Click on the link below to download soft copy of the report....

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Key Statistics

Inflation
(April, 2020) 7.8%
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 01, 2020)SBD $5,459m
Interest Rates
(March, 2020)
Deposit Rate0.49%
Lending Rate11.56%
Money Supply
(July 01, 2020)SBD $5,066m

Exchange Rates

per
SBD
Today
06/07/2020
Last Week
29/06/2020
USD0.12070.1205
GBP0.09680.0977
EUR
0.10740.1075
AUD0.17400.1758
NZD
0.18490.1880
JPY12.976512.9230
SDR0.08750.0876
CNY0.8529 0.8519
Index111.2111.9

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