Category: Media

Public Notice: Dr. Luke Forau appointed as new Governor to the Central Bank of Solomon Islands

Dr. Luke Forau appointed as new Governor to the Central Bank of Solomon Islands. The Central Bank of Solomon Islands (CBSI) wish to formally announce Dr. Luke Forau’s appointment as the new Governor to CBSI. Governor-General Sir David Vunagi, made the formal appointment on the 1st of October 2019, in exercise of the powers conferred by Section 41 (1) of the Central Bank of Solomon Islands Act 2012. The appointment was made on the recommendation of the Cabinet, and the Minister of Finance. Download Public...

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Press Release: Regional Regulatory Sandbox Consultations with Stakeholders

Regional Regulatory Sandbox Consultations with Stakeholders Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Alliance for Financial Inclusion (AFI) has successfully cohosted a 1-day consultation on the 8th November, on the Regional Regulatory Sandbox Guidelines with various stakeholders, representing the public and private sectors, development partners and civil society....

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Saving Your Money

Saving Your Money By CBSI Media Article No. : 12/2017 Welcome back to another feature length article from the Central Bank of Solomon Islands (CBSI). In this feature we now move onto the topic of SAVINGS and answer how best we can save our money, especially in the modern day and age. Life is full of uncertainties and no one knows what is in store for tomorrow, therefore it is important we understand some basics about saving our hard earned money.  ...

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What you need to know about the SME Guarantee Scheme

What you need to know about the SME Guarantee Scheme By CBSI Media Article No. : 11/2019 A lot of people have asked questions and are keen to understand what the SME Credit Guarantee Scheme is all about. Before jumping in to any of those information let’s look at how this scheme first came about. In 2015 the Democratic for Change Government (DCG) initiated a guarantee scheme to improve and support credits and assist small startup business....

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Key Statistics

Inflation
(October, 2019) 2.1%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(February 19, 2020)SBD $4,806m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(February 19, 2020)SBD $5,028m

Exchange Rates

per
SBD
Today
28/02/2020
Last Week
21/02/2020
USD0.12140.1215
GBP0.09420.0943
EUR
0.11070.1125
AUD0.18470.1830
NZD
0.19230.1912
JPY13.355813.5934
SDR0.08860.0892
CNY0.8516 0.8524
Index113.8113.3

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