Category: Article

Overview of CBSI functions & Operations: CBSI as Currency Authority

Overview of the Banks Functions & Operations: CBSI as Currency Authority  CBSI Media Article No. : 05/2020 A central bank cannot achieve its multiple objectives without the support of other government policy measures or what is commonly called Fiscal Policy.  Economic activity, which is a measure of the total expenditures of households, businesses and government for consumption and investment, is influenced by both monetary and fiscal policies and must work in tandem.  A policy action taken by a central bank or government to achieve a particular objective may conflict with another stated objective, hence underscoring the need for consultation on and synchronization of policy objectives, targets and instruments. In this article we introduce the 4 main policy instruments CBSI is equipped with, to effectively influence the factors of which affect the money stock, focusing more on the first policy, Central Bank as Currency Authority. ...

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Know Your Central Bank: CBSI Vision, Mission & Values

Know Your Central Bank – CBSI Mission, Vision & Values By CBSI Media  Article No. : 04/2020 In our last two articles, we look at the History of the Central Bank of Solomon Islands (CBSI) and the roles and responsibilities of CBSI as the premier institution of the country. This month we will continue to educate and inform you on the Mission, Vision and Values of the Central Bank of Solomon Islands.  ...

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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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Key Statistics

Inflation
(April, 2020) 7.8%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(July 01, 2020)SBD $5,459m
Interest Rates
(March, 2020)
Deposit Rate0.49%
Lending Rate11.56%
Money Supply
(July 01, 2020)SBD $5,066m

Exchange Rates

per
SBD
Today
06/07/2020
Last Week
29/06/2020
USD0.12070.1205
GBP0.09680.0977
EUR
0.10740.1075
AUD0.17400.1758
NZD
0.18490.1880
JPY12.976512.9230
SDR0.08750.0876
CNY0.8529 0.8519
Index111.2111.9

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