Category: Article

Saving Your Money

Saving Your Money By CBSI Media Article No. : 12/2017 Welcome back to another feature length article from the Central Bank of Solomon Islands (CBSI). In this feature we now move onto the topic of SAVINGS and answer how best we can save our money, especially in the modern day and age. Life is full of uncertainties and no one knows what is in store for tomorrow, therefore it is important we understand some basics about saving our hard earned money.  ...

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What you need to know about the SME Guarantee Scheme

What you need to know about the SME Guarantee Scheme By CBSI Media Article No. : 11/2019 A lot of people have asked questions and are keen to understand what the SME Credit Guarantee Scheme is all about. Before jumping in to any of those information let’s look at how this scheme first came about. In 2015 the Democratic for Change Government (DCG) initiated a guarantee scheme to improve and support credits and assist small startup business....

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Let’s hear from the experts – USA & China Trade War and its Impact to our Foreign Reserve

Let’s hear from the experts – USA & China Trade War and its Impact to our Foreign Reserve Op-Ed by Natasha Eddie, Ali Homelo, Charlie Kuper Article No. : 10/2019 The past two Sunday’s we looked at what Foreign Reserves is, its importance and some technical aspects to it. I had an opportunity to discuss with Mr Ali Homelo, Chief Manager Financial Market and Exchange Control Department of CBSI, the USA & China Trade War saga. And get contributions from Charlie Kuper, a Senior Investment Analyst for Financial Market and Exchange Control Department. I was keen to get their views on the global trade war and its likely impact to our Foreign Reserves. In this article the views and opinions expressed are of the contributors and do not necessarily reflect the policies and standing of CBSI....

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Foreign Reserves -Part 2

Foreign Reserves – Part 2 By CBSI Media Article No. : 09/2019 Welcome once again to our weekly feature from the Central Bank of Solomon Islands (CBSI). In our previous article, we looked at the definition of “Foreign Reserves,” its importance, and how it affects the country and the economy as a whole. In this article we will dig deeper and technical into foreign reserves. What factors drive the growth of our foreign reserves? What is the current level of our foreign reserves and what is CBSI doing with these foreign reserves? We will also look at the global risks that could likely have an impact to our foreign reserves and may pose a direct threat to them....

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What you need to know about Foreign Reserves

Foreign Reserves – What are they? By CBSI Media Article No. : 08/2019 Welcome back to another educational feature from the Central Bank of Solomon Islands (CBSI).This week we take a look at a new topic on “Foreign Reserves” or sometimes referred to as Gross Foreign Reserves.” In this feature we will explain what Foreign Reserve is, why it is important and how it helps the economy of the country....

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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 13, 2019)SBD $4,906m
Interest Rates
(September, 2019)
Deposit Rate0.39%
Lending Rate10.57%
Money Supply
(November 13, 2019)SBD $5,062m

Exchange Rates

per
SBD
Today
22/11/2019
Last Week
15/11/2019
USD0.12120.1215
GBP0.09380.0945
EUR
0.10950.1104
AUD0.17830.1789
NZD
0.18890.1903
JPY13.150813.1903
SDR0.08810.0885
CNY0.8525 0.8529
Index112.1112.2

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