Category: Media

youSave LoMobile -Encouraging youSave members to aggressively save for their future

youSave LoMobile – Encouraging youSave members to aggressively save for their future By CBSI – Financial Inclusion Unit Article No. : 13/2019 As part of the digital initiatives coordinated by CBSI under the National Financial Inclusion strategy 2, 2016-2020 to improve access to finance and in particular a convenient and safe channel for the wider population to their savings, among these is “youSave LoMobile” a service which enable SINPF youSave members to do their savings any time anywhere through their mobile phones using mobile top-ups. This service is provided by SINPF in partnership with Solomon Telekom and Bmobile....

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Press Release -Insurance Sector Market Conduct Directives

Insurance Sector Market Conduct Directives Honiara, Solomon Islands – The Office of the Controller of Insurance (COI) has released for implementation two new directives. The directives cover two specific areas and these are Market Conduct of Insurance Brokers and Reinsurance Management Strategy for Insurance Companies, which are applicable to all Insurance Brokers and Insurance Companies licensed by COI....

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SOLOMON ISLANDS NATIONAL FINANCIAL INCLUSION STRATEGY II (NFIS2) 2016-2020

SOLOMON ISLANDS NATIONAL FINANCIAL INCLUSION STRATEGY II (NFIS2) 2016-2020 The Second National Financial Inclusion Strategy (NFIS2) is premised on the G20 Principles for Innovative Financial Inclusion following the expiration of the first strategy in 2015. It has a four-year time frame with the work plans anticipated to complete by 2020. The NFIS2 generally extended the work plans of the first national strategy, but with more elaborated and clear objectives. Moreover, the NFIS2 was formulated based on a demand side survey for financial services which was conducted in early 2015. The first national strategy had focused on access to financial services while in this second strategy, the focus is on the usage of financial services. For more details a copy of the Second National Financial Inclusion Strategy (NFIS2) can be downloaded below. Download...

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Public Notice: Dr. Luke Forau appointed as new Governor to the Central Bank of Solomon Islands

Dr. Luke Forau appointed as new Governor to the Central Bank of Solomon Islands. The Central Bank of Solomon Islands (CBSI) wish to formally announce Dr. Luke Forau’s appointment as the new Governor to CBSI. Governor-General Sir David Vunagi, made the formal appointment on the 1st of October 2019, in exercise of the powers conferred by Section 41 (1) of the Central Bank of Solomon Islands Act 2012. The appointment was made on the recommendation of the Cabinet, and the Minister of Finance. Download Public...

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Press Release: Regional Regulatory Sandbox Consultations with Stakeholders

Regional Regulatory Sandbox Consultations with Stakeholders Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Alliance for Financial Inclusion (AFI) has successfully cohosted a 1-day consultation on the 8th November, on the Regional Regulatory Sandbox Guidelines with various stakeholders, representing the public and private sectors, development partners and civil society....

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Key Statistics

Inflation
(August, 2019) 1.7%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(November 27, 2019)SBD $4,840m
Interest Rates
(September, 2019)
Deposit Rate0.39%
Lending Rate10.57%
Money Supply
(November 27, 2019)SBD $4,997m

Exchange Rates

per
SBD
Today
09/12/2019
Last Week
02/12/2019
USD0.121300.12120
GBP0.09250.09378
EUR
0.109750.10996
AUD0.177530.17917
NZD
0.184890.18862
JPY13.1798513.27322
SDR0.088050.08826
CNY0.85354 0.85165
Index111.7112.4

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