Category: Article

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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Handling Money

Handling Money By CBSI Media Article No. : 03/2019 Welcome again to this week’s topic where we cover some key issues about handling money and other useful information about our national currency....

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Why New Banknotes?

Why New Banknotes? By CBSI Press Article No. : 01/2019 A lot of people may ask why the Central banks issue new bank notes. It’s really that simple. Advances in technology have provided counterfeits with better methods for imitating genuine banknotes. For this reason Central banks must develop more advanced security features. In addition, the Central Bank is also conscious of the need to introduce notes that are durable to ensure added life expectancy of notes in circulation....

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Key Statistics

Inflation
(October, 2019) 2.1%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(February 19, 2020)SBD $4,806m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(February 19, 2020)SBD $5,028m

Exchange Rates

per
SBD
Today
28/02/2020
Last Week
21/02/2020
USD0.12140.1215
GBP0.09420.0943
EUR
0.11070.1125
AUD0.18470.1830
NZD
0.19230.1912
JPY13.355813.5934
SDR0.08860.0892
CNY0.8516 0.8524
Index113.8113.3

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