Category: Media

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....

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Press Release: CBSI Signs MOU with Griffith University

The Central Bank of Solomon Islands (CBSI) and Griffith University (GU) of Brisbane, Australia, have signed a Memorandum of Understanding (MOU) today ( 20 October 2017) that will facilitate and enhance joint research activities aimed at developing capacity for research and policy formulation at CBSI in the next 5 years.

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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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Press Release: Monetary Policy Stance – September 2017

At its meeting on October 3rd 2017, the Board of the Central Bank of Solomon Islands (CBSI) resolved to maintain the accommodative monetary policy stance for the next six months. CBSI Governor and Chairman, Mr. Denton Rarawa said the accommodative policy stance is appropriate given the slower growth in private sector credit, low inflation environment and the need to support economic activities....

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Remarks by Gane Simbe at the official opening of the PFIP Ideation Workshop

Remarks by Deputy Governor Gane Simbe at the official opening of the PFIP Ideation Workshop on saving clubs at the Heritage Park Hotel on 11 September 2017. Gane Simbe Deputy Governor, Central Bank of Solomon Islands Official Opening of the PFIP Ideation Workshop on Saving Clubs – Heritage Park Hotel Honiara – 11th September, 2017 Download PDF I thank PFIP team for inviting me to do the honor of making some brief remarks at the start of your workshop this morning, which focuses on exploring ideas on how to link savings clubs to formal financial institutions. Let me begin first by acknowledging the PFIP for the support and for the work that it has been doing in progressing financial inclusion in our country and importantly, on the projects with Savings Clubs that are so unique and necessary from the Solomon Islands context. We recognize the earlier work that PFIP had done in developing the Savings club manual with best practices following extensive field studies and thereafter their on-going support to institutions like World Vision, Live & Learn, Mother’s Union, Ministry of Women and others in promoting savings clubs in the remote rural communities of the country, primarily targeting women. This workshop, which will facilitate the next steps, in the exploring linkage of savings clubs with formal financial services, is indeed a good step forward and is in line with...

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Key Statistics

Inflation
(September, 2017) 1.5%
GDP (2016)
RGDP (Real) *estimates SBD$ 4,607m
NGDP (Nominal) *estimates SBD$ 8,504m
Real GDP Growth3.5%
Foreign Reserves
(November 15, 2017)SBD $4,486m
Interest Rates
September, 2017)
Deposit Rate0.30%
Lending Rate10.47%
Money Supply
(November 15, 2017)SBD $4,805m

Exchange Rates

per
SBD
Today
24/11/2017
Last Week
17/11/2017
USD0.12630.1265
GBP0.09490.0960
EUR
0.10670.1074
AUD0.16570.1666
NZD
0.18340.1845
JPY14.048214.2915
SDR0.08950.0898
CNY0.83210.8389
Index107.1107.3

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