Author: Natasha Eddie

What you should know about Credit Unions

What you should know about Credit Unions  By Natasha Eddie Article No. : 09/2017 While you may have preferences on where to bank or save your money, you might want to take a look at what credit unions has to offer....

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Press Release: Monetary Policy Stance – September 2017

At its meeting on October 3rd 2017, the Board of the Central Bank of Solomon Islands (CBSI) resolved to maintain the accommodative monetary policy stance for the next six months. CBSI Governor and Chairman, Mr. Denton Rarawa said the accommodative policy stance is appropriate given the slower growth in private sector credit, low inflation environment and the need to support economic activities....

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Monthly Economic Bulletin – August, 2017

Monthly Economic Bulletin – August, 2017 Monthly Economic Bulletin for August, 2017 is now available. PDF version can be downloaded below. Also visit our Monthly Economic bulletin page for past reports....

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Monthly Economic Bulletin – July, 2017

Monthly Economic Bulletin – July, 2017 Monthly Economic Bulletin for July, 2017 is now available. PDF version can be downloaded below. Also visit our Monthly Economic bulletin page for past reports....

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Lets Get Digital; New Tax Payment System for the Nation

Let’s get digital; New Tax Payment System for the Nation By Natasha Eddie Article No. : 08/2017 Just recently this year, the Solomon Islands Government (SIG) made a commitment under the Better than Cash Alliance (BTCA) to use electronic payment channels. Following this commitment, the Pacific Financial Inclusion Programme (PFIP) in partnership with SIG Ministries, the banks and other stakeholders, ensured that a project targeting the Solomon Islands Government Inland Revenue Department (IRD) would help introduced a modernized and automated type of taxation system.  ...

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Key Statistics

Inflation
(October, 2019) 2.1%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(February 12, 2020)SBD $4,809m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(February 12, 2020)SBD $4,958m

Exchange Rates

per
SBD
Today
24/02/2020
Last Week
17/02/2020
USD0.12140.1215
GBP0.09370.0933
EUR
0.11200.1121
AUD0.18340.1809
NZD
0.19170.1888
JPY13.545213.3398
SDR0.08900.0888
CNY0.8543 0.8483
Index113.4112.6

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