Category: Article

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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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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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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