Category: Media

Raynold Moveni appointed as new Deputy Governor to CBSI

Raynold Moveni Appointed as New Deputy Governor to CBSI Honiara, Solomon Islands – The Solomon Islands Government (SIG), through the Minister of Finance and Treasury, have appointed Mr. Raynold Micah Moveni to be the next Deputy Governor of the Central Bank of Solomon Islands (CBSI). This appointment was made in accordance with section 41(2) of the Central Bank of Solomon Islands Act 2012 and is for a period of 6 years effective from January 30, 2020....

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History of the Premier Financial Institution in the Country; CBSI

History of the premier financial institution in the country; CBSI By CBSI Media  Article No. : 01/2020 The Central bank of Solomon Islands (CBSI) is the premier financial institution in any economy. It is at the centre of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies. CBSI was first known as the Solomon Islands Monetary Authority (SIMA). From 1976 the Solomon Islands Monetary Authority (SIMA) carried out their required functions. The Monetary Authority (SIMA) dealt primarily with the issuing of currency, but did not fully undertake the role of implementing monetary policy. CBSI replaced SIMA in 1983.  ...

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Press Release: Money Laundering & Terrorism workshop good for Solomon Islands

Money Laundering & Terrorism Financing workshop good for Solomon Islands Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Solomon Islands Financial Intelligence Unit (SIFIU) successfully hosted a 3-day strategic implementation planning workshop on Anti Money Laundering (AML) and Criminal Finance Terrorism (CFT)....

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CBSI warns of another pyramid scheme in Solomon Islands

CBSI warns of another pyramid scheme in Solomon Islands Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) is strongly advising the general public to avoid investing in a new pyramid scheme that is currently being promoted as “One Link Pacifica.”...

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Cryptocurrencies – Why it is a concern

Cryptocurrencies -Why it is a concern By CBSI Media Article No. : 14/2019 The evolution of new technologies supported by the development of intelligent digital technologies are driving transformational changes in the global economy, including how goods and services and assets are exchanged. (IMF 2016) An important development in this process has been the emergence of virtual currencies such as cryptocurrencies....

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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
05/06/2020		Last Week
29/05/2020
USD0.12020.1193
GBP0.09540.0968
EUR
0.10600.1078
AUD0.17270.1795
NZD
0.18590.1919
JPY13.109312.8418
SDR0.08720.0872
CNY0.8559 0.8539
Index111.2113.4

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