Category: Article

CBSI taking on Bechedemer Export

CBSI taking on Bechedemer Export By Natasha Eddie Article No. : 11/2017 A few months ago, the Ministry of Fisheries and Marine Resources (MFMR) lifted it’s banned over the exportation of Bechedemer (Sea Cucumber). Soon it became a regular headline in the papers and a controversial topic in many public forums as groups and individuals continued to exploit the resource.  Eventually it reached a point where the regulation of this commodity was inevitable and needed to be monitored....

Read More

CBSI conducts awareness on new policy for Bechedemer export

CBSI conduct awareness on new policy for Bechdemer export By Natasha Eddie Article No. : 10/2017 The Central Bank of Solomon Islands (CBSI) has successfully conducted its first training workshop on the policy change for Bechedemer (Sea Cucumber) exports on Friday 27 at the CBSI training room. This follows the announcement released on 25 October by CBSI along with the Ministry of Fisheries and Marine Resources, confirming Bechedemer (BDM) [Sea Cucumbers] exports to be assessed and exported under SPECIFC AUTHORITY....

Read More

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....

Read More

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.  ...

Read More

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....

Read More

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

Pin It on Pinterest