Category: Article

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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Principles of Credit Union

Principles of Credit Union By CBSI Media Article No. : 05/2019 It is very important for the managements of all Credit Unions operating in the country to know the principles of Credit Union Thus every year the Central Bank of Solomon Islands (CBSI) would host a Credit Union (CU) conference for all credit union executive members to remind them of these very important principles and to ensure these principles are being uphold by all  members accordingly. The theme of this year’s conference is focused on “Building Resilience through Credit Unions Culture” this basically signifies the important role that credit unions continue to perform in the society    ...

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Be alert, counterfeit activities on the rise

Be alert, counterfeit activities on the rise By CBSI media Article No. : 05/2019 Over the years the number of counterfeiting activities has increased in our country. The Central Bank of Solomon Islands (CBSI) has been keeping track on these illegal activities and would like to alert the public through our awareness programs....

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Key Statistics

(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

Last Week
CNY0.8529 0.8519

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