Category: Article

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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What you need to know about the new commemorative note and coin

What you need to know about the new commemorative note and coin By CBSI Press Article No. : 04/2017 On the 5th of July, the Central Bank of Solomon Islands (CBSI) Governor Denton Rarawa and Permanent Secretary of Ministry of Finance Harry Kuma, unveiled the commemorative $40 banknote and $2 coin to celebrate and mark Solomon Islands 40 years of Independence. The commemorative note issued by CBSI is designed and printed by De La Rue on its safeguard polymer substrate while the $2 coloured coin is produced by the Royal Australian Mint (RAM).  Download full copy below....

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Norma puts Solomon Islands on the FI global map

Norma puts Solomon Islands on the FI global map By CBSI Press Article No. : 02/2018 She was among six of the top recipients from around the globe to receive the 2018 Young Generation award on the night of the sixth Alliance for Financial Inclusion (AFI) Awards in Sochi, Russia. Download copy of full article below.  ...

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Meet Women in Micro Business Who Inspire Us

Meet Women in Micro Business Who Inspire Us By Natasha Eddie Article No. : 01/2018 Last year I was part of a team from the Central Bank of Solomon Islands who went to few parts of Solomon Islands to assess women in micro businesses. I had a chance to talk with women who are dedicating their lives to invest in micro business activities. In developing countries like Papua New Guinea, Fiji and Solomon Islands, micro-small and medium businesses are an engine for economic growth- and startups can be a real step up for women and their families. Small businesses employ half of the worlds workers, and in families where the mother runs a business, children are much more likely to get an education and have much better health and employment outcomes. The full article was published on Solomon Business Magazine, the original can be downloaded below....

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Key Statistics

Inflation
(March, 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
(May 27, 2020)SBD $4,981m
Interest Rates
(March, 2020)
Deposit Rate0.49%
Lending Rate11.56%
Money Supply
(May 27, 2020)SBD $5,026m

Exchange Rates

per
SBD
Today
04/06/2020
Last Week
28/05/2020
USD0.12000.1193
GBP0.09530.0975
EUR
0.10690.1086
AUD0.17320.1808
NZD
0.18690.1933
JPY13.063512.8397
SDR0.08720.0874
CNY0.8531 0.8536
Index111.4113.80

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