Category: Article

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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Consumer Empowerment Rights

Consumer Empowerment Rights By Natasha Eddie Article No. : 07/2017 Having complaints about bank products and services? Rest assured there is a reporting mechanism in place that permits you as a consumer to launch your complaints to banks when you are dissatisfied about their products and services....

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Government Auction – Treasure Hunters Corner

Government Auction– A Treasure Hunters Corner By Natasha Eddie Article No. : 06/2017 Every investor wants to have an investment that offers a low risk and options to earn a guaranteed investment return. And while there are choices of investments on the platter to select from, a recommended choice is the Auction Treasury Bills or T-bills in short. The full article can be downloaded below....

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Solomon Islands Currency: The Numismatic Business

Solomon Islands Currency: The Numismatic Business By Daniel Haridi, Chief Manager of Currency & Banking Department Article No. : 05/2017 The word numismatic in the CBSI context refers to coins that are minted or made, depicting certain events to be commemorated for collectors.  There are collectors who collect items for either fun or hobby, for example, collectors of items like stamps, candy bars, beers etc. With regards to coins, there are collectors who collect coins for fun or as a hobby as well. There are also the more serious collectors who collect coins for the intrinsic value of the coins. This group of collectors look at the investment potential from coin collecting because of the alloy composition of the coins like gold or silver. Still others want to collect coins because of the exotic nature and often the rarity of the coin due to errors from minting or because they are considered ancient.    ...

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Key Statistics

Inflation
(March, 2019) 1.3%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(May 15, 2019)SBD $5,124m
Interest Rates
(March, 2019)
Deposit Rate0.31%
Lending Rate10.83%
Money Supply
(May 15, 2019)SBD $5,197m

Exchange Rates

per
SBD
Today
21/05/2019
Last Week
14/05/2019
USD0.12260.1229
GBP0.09630.0947
EUR
0.10980.1095
AUD0.17740.1764
NZD
0.18760.1868
JPY13.501313.4572
SDR0.08890.0887
CNY0.8469 0.8421
Index111.4111.0

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