Category: Media

Central Bank as Manager of the External Reserves

Central Bank as Manager of the External Reserves By FMECD & CBSI Media Article No. : 11/2020 Last week we learned some tips about savings. This week we will look at one of the mandatory functions of the Central Bank of...

Press Release: CBSI warns Public to be vigilant against Emerging Fast Money Schemes

CBSI warns public to be vigilant against Emerging Fast Money Schemes The Central Bank of Solomon Islands (CBSI) along with the Solomon Islands Financial Intelligence Unit (SIFIU) is again warning the general public to avoid...

CBSI Partners with Stakeholders to Initiate Solomon Islands Digital Marketplace (COVID-19 Response & Recovery) Project

CBSI Partners with Stakeholders to Initiate Solomon Islands Digital Marketplace (Covid-19) Response & Recovery Project. Honiara 07.29.20 – The Central Bank of Solomon Islands (CBSI) along with the United Nations Development...

Where you can save your money

Where you can save your money By CBSI Media Article No. : 10/2020 Welcome back to another feature length article from the Central Bank of Solomon Islands (CBSI). Last week we looked at the differences between commercial banks...

What is the difference between a Central Bank & Commercial Bank?

Difference Between a Central Bank & Commercial Bank By CBSI Media Article No. : 09/2020 A lot of people have misunderstood the functions of these two banks. Hence this article aims to help you understand the differences...

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 Growth	5.3%
Foreign Reserves
(October 07, 2020)	SBD $5,500m
Interest Rates (August, 2020)
Deposit Rate	0.44%
Lending Rate	10.40%
Money Supply
(October 07, 2020)	SBD $5,179m