Category: Article

Saving Clubs Empowered

Saving Clubs Empowered By Natasha Eddie Article No. : 12/2017 The Central Bank of Solomon Islands (CBSI) in partnership with the Pacific Financial Inclusion Program (PFIP) has successfully hosted a major workshop for saving groups practitioners around the Solomon Islands....

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CBSI taking on Bechedemer Export

CBSI taking on Bechedemer Export By Natasha Eddie Article No. : 11/2017 A few months ago, the Ministry of Fisheries and Marine Resources (MFMR) lifted it’s banned over the exportation of Bechedemer (Sea Cucumber). Soon it became a regular headline in the papers and a controversial topic in many public forums as groups and individuals continued to exploit the resource.  Eventually it reached a point where the regulation of this commodity was inevitable and needed to be monitored....

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CBSI conducts awareness on new policy for Bechedemer export

CBSI conduct awareness on new policy for Bechdemer export By Natasha Eddie Article No. : 10/2017 The Central Bank of Solomon Islands (CBSI) has successfully conducted its first training workshop on the policy change for Bechedemer (Sea Cucumber) exports on Friday 27 at the CBSI training room. This follows the announcement released on 25 October by CBSI along with the Ministry of Fisheries and Marine Resources, confirming Bechedemer (BDM) [Sea Cucumbers] exports to be assessed and exported under SPECIFC AUTHORITY....

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What you should know about Credit Unions

What you should know about Credit Unions  By Natasha Eddie Article No. : 09/2017 While you may have preferences on where to bank or save your money, you might want to take a look at what credit unions has to offer....

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Lets Get Digital; New Tax Payment System for the Nation

Let’s get digital; New Tax Payment System for the Nation By Natasha Eddie Article No. : 08/2017 Just recently this year, the Solomon Islands Government (SIG) made a commitment under the Better than Cash Alliance (BTCA) to use electronic payment channels. Following this commitment, the Pacific Financial Inclusion Programme (PFIP) in partnership with SIG Ministries, the banks and other stakeholders, ensured that a project targeting the Solomon Islands Government Inland Revenue Department (IRD) would help introduced a modernized and automated type of taxation system.  ...

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Key Statistics

Inflation
(October, 2017) 1.6%
GDP (2016)
RGDP (Real) *estimates SBD$ 4,607m
NGDP (Nominal) *estimates SBD$ 8,504m
Real GDP Growth3.5%
Foreign Reserves
(November 22, 2017)SBD $4,473m
Interest Rates
October, 2017)
Deposit Rate0.34%
Lending Rate10.50%
Money Supply
(November 22, 2017)SBD $4,801m

Exchange Rates

per
SBD
Today
15/12/2017
Last Week
08/12/2017
USD0.12660.1262
GBP0.09440.0941
EUR
0.10730.1070
AUD0.16560.1675
NZD
0.18080.1841
JPY14.257514.2231
SDR0.08950.0894
CNY0.83690.8350
Index106.9107.6

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