Category: Media

The Roles and Functions of the Central Bank of Solomon Islands

Roles & Functions of CBSI  By CBSI Media Article No. : 02/2020 In last week’s feature, we had a look at the history of the Central Bank of Solomon Islands (CBSI) This week we will look at the roles and functions of CBSI. Roles and functions of the Central Bank of Solomon Islands; CBSI The roles and functions of the Central Bank of Solomon Islands (CBSI) as the premier institution of the economy is governed by the CBSI ACT 2012.  ...

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Raynold Moveni appointed as new Deputy Governor to CBSI

Raynold Moveni Appointed as New Deputy Governor to CBSI Honiara, Solomon Islands – The Solomon Islands Government (SIG), through the Minister of Finance and Treasury, have appointed Mr. Raynold Micah Moveni to be the next Deputy Governor of the Central Bank of Solomon Islands (CBSI). This appointment was made in accordance with section 41(2) of the Central Bank of Solomon Islands Act 2012 and is for a period of 6 years effective from January 30, 2020....

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History of the Premier Financial Institution in the Country; CBSI

History of the premier financial institution in the country; CBSI By CBSI Media  Article No. : 01/2020 The Central bank of Solomon Islands (CBSI) is the premier financial institution in any economy. It is at the centre of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies. CBSI was first known as the Solomon Islands Monetary Authority (SIMA). From 1976 the Solomon Islands Monetary Authority (SIMA) carried out their required functions. The Monetary Authority (SIMA) dealt primarily with the issuing of currency, but did not fully undertake the role of implementing monetary policy. CBSI replaced SIMA in 1983.  ...

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Press Release: Money Laundering & Terrorism workshop good for Solomon Islands

Money Laundering & Terrorism Financing workshop good for Solomon Islands Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Solomon Islands Financial Intelligence Unit (SIFIU) successfully hosted a 3-day strategic implementation planning workshop on Anti Money Laundering (AML) and Criminal Finance Terrorism (CFT)....

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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 19, 2020)SBD $4,806m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(February 19, 2020)SBD $5,028m

Exchange Rates

per
SBD
Today
28/02/2020
Last Week
21/02/2020
USD0.12140.1215
GBP0.09420.0943
EUR
0.11070.1125
AUD0.18470.1830
NZD
0.19230.1912
JPY13.355813.5934
SDR0.08860.0892
CNY0.8516 0.8524
Index113.8113.3

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