Category: Announcements

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...

Read More

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...

Read More

CBSI’s POSITION ON CRYPTOCURRENCIES

CBSI’s POSITION ON CRYPTO-CURRENCIES The Central Bank of Solomon Islands (CBSI) wishes to warn the general public that cryptocurrencies (i.e. virtual or digital currencies such as bitcoin, etherium, ripple, and others) are not currencies issued or regulated by the Central Bank. Download Public...

Read More

Public Notice – 2019 Cash Exchange Program

Public Notice – 2019 Cash Exchange Program The Central Bank of Solomon Islands (CBSI) would like to inform the public that an exchange of soiled and mutilated or torn banknotes for new $5 dollar notes will take place this Friday 12th of April in front of the CBSI main office, Point Cruz. CBSI would like to ensure that only quality banknotes are circulated in the hands of individuals, communities, business houses and the public at large. This arrangement will continue for the next 4 weeks until the launch of Solomon Islands newest $5 dollar polymer banknote. For more information related to our currency, call us on 21791 or send an email on info@cbsi.com.sb Central Bank of Solomon Islands 11 April 2019  ...

Read More

2019 South Pacific Central Banking Conference

2019 South Pacific Central Banking Research Conference The 2019 South Pacific Central Banking Research Conference will be held in Port Vila, Vanuatu from 13 – 15 November 2019. The annual conference brings together South Pacific central bank researchers to share with academics, policy makers, regulators, multilateral organisations, business leaders, civil society, from the South Pacific, Australasia and the wider Asia-Pacific region, current research on the region and to explore vital links between research and policy relating to central banking issues, including financial and private sectors and economic growth and development. Conference...

Read More

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

Pin It on Pinterest