Category: Article

SIFIU conducts refresher workshop on AML/CFT/CPF

SIFIU conducts refresher workshop on AML/CFT/CPF By CBSI Media Article No. : 03/2020 Central Bank of Solomon Islands (CBSI) Financial Intelligence Unit (FIU) has recently conducted a refresher workshop on Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT).    ...

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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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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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Cryptocurrencies – Why it is a concern

Cryptocurrencies -Why it is a concern By CBSI Media Article No. : 14/2019 The evolution of new technologies supported by the development of intelligent digital technologies are driving transformational changes in the global economy, including how goods and services and assets are exchanged. (IMF 2016) An important development in this process has been the emergence of virtual currencies such as cryptocurrencies....

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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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Key Statistics

Inflation
(January , 2020) 4.4%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(March 25, 2020)SBD $4,705m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(March 25, 2020)SBD $5,021m

Exchange Rates

per
SBD
Today
03/04/2020
Last Week
27/03/2020
USD0.12040.1205
GBP0.09720.0991
EUR
0.11090.1093
AUD0.19900.1991
NZD
0.20370.2048
JPY12.994813.2002
SDR0.08830.0884
CNY0.8549 0.8550
Index118.0118.2

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