Category: Article

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...

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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
(July, 2020) 3.4%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(October 14, 2020)SBD $5,483m
Interest Rates
(August, 2020)
Deposit Rate0.44%
Lending Rate10.40%
Money Supply
(October 14, 2020)SBD $5,209m

Exchange Rates

Per
SBD
Today
23/10/2020
Last Week
16/10/2020
USD0.12330.1233
GBP0.09410.0955
EUR0.10420.1054
NZD0.18490.1870
JPY12.9160
12.9900
AUD0.17350.1740
CNY0.82220.8295
SDR0.08660.0873
Index109.90110.10

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