Category: Article

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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Rarawa – “Digital finance, key to de-risking”

De-risking has become a development financing issue that many countries in the Pacific are still struggling to tackle. According to the Governor of the Central Bank of Solomon Islands, Mr. Denton Rarawa, this is an issue of concern not only to Central banks in the region but in other parts of the world.

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What NPF’s new saving scheme is

What NPF’s new saving scheme is By Natasha Eddie, CBSI Communications Officer Article No. : 03/2017 For so long, those in the informal sectors have been excluded from joining Solomon Islands Provident Fund. But with the Solomon Islands National Provident Funds (SINPF) newly launched youSave saving scheme, self- employers like market vendors, farmers, taxi drivers, contractors, domestic fishermen can now save their money for retirement.  ...

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CBSI Role in the Cash Cycle

Many people still do not understand how cash circulates with in our economy and often express their interest in knowing more about the role of Central Bank of Solomon Islands (CBSI) in this area. This article describes the role of the Central Bank in the cash cycle and aims to inform the public of how the cycle works in general, in order for people to understand and
appreciate the role CBSI plays in maintaining smooth circulation. The full article and currency movement chart can be downloaded below.

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Debt – Growth Nexus the Case for Solomon Islands

External borrowing or debt is a common practice in developing and least developed countries around the world for various reasons. If local borrowing is limited, these countries depend on sourcing external funds to subsidize their deficit budgets or cushion revenue shortfalls and to fund major infrastructure or development projects.The full article can be downloaded below.

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Key Statistics

Inflation
(May, 2019) 1.0%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(July 10, 2019)SBD $5,205m
Interest Rates
(April, 2019)
Deposit Rate0.32%
Lending Rate10.73%
Money Supply
(July 10, 2019)SBD $5,165m

Exchange Rates

per
SBD
Today
22/07/2019
Last Week
15/07/2019
USD0.12290.1226
GBP0.09830.0976
EUR
0.10950.1089
AUD0.17450.1749
NZD
0.18160.1834
JPY13.242513.2341
SDR0.08880.0886
CNY0.8452 0.8432
Index110.4110.7

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