Category: Media

Press Release: CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments

CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments Honiara 8.15.19 – The Central Bank of Solomon Islands (CBSI) officially signed a Memorandum of Understanding (MOU) on 13th August, 2019 with the Solomon Islands National Provident Fund (SINPF), Our Telekom, Bmobile and United Nation Capital Development Fund – Pacific Financial Inclusion Program (UNCDF-PFIP) to pilot a Digital Airtime Payments Project in the country....

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CBSI on Foreign Counterfiets

CBSI on Foreign Counterfeits Honiara 05.08.19 – The Central Bank of Solomon Islands (CBSI) has confirmed that counterfeit $50 euro notes have been found circulating in Honiara....

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Principles of Credit Union

Principles of Credit Union By CBSI Media Article No. : 05/2019 It is very important for the managements of all Credit Unions operating in the country to know the principles of Credit Union Thus every year the Central Bank of Solomon Islands (CBSI) would host a Credit Union (CU) conference for all credit union executive members to remind them of these very important principles and to ensure these principles are being uphold by all  members accordingly. The theme of this year’s conference is focused on “Building Resilience through Credit Unions Culture” this basically signifies the important role that credit unions continue to perform in the society    ...

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Press Release: New Prudential Guidelines

Press Release:  New Prudential Guidelines On June 27, 2019, the Central Bank of Solomon Islands board (CBSI) approved the release of four (4) prudential guidelines (PG) specifically for Anti-Money Laundering (AML) Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF) which is applicable to Financial Institutions licensed and deemed licensed by the CBSI. These financial institutions are commercial banks, credit institutions, insurance underwriting companies, insurance brokers and agents, and the National Provident Fund....

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5th PIRI Meeting in Honiara

5th PIRI Meeting in Honiara The Central Bank of Solomon Islands (CBSI) and the Alliance for Financial Inclusion (AFI), will be co-hosting a series of events for the 5th Annual Pacific Islands Regional Initiative (PIRI) High-Level Forum. The events will roll out between 3rd June to 6th June in Honiara....

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Key Statistics

(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
(October 16, 2019)SBD $4,912m
Interest Rates
(September, 2019)
Deposit Rate0.39%
Lending Rate10.57%
Money Supply
(October 16, 2019)SBD $5,065m

Exchange Rates

Last Week
CNY0.8562 0.8548

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