Category: Media

Be alert, counterfeit activities on the rise

Be alert, counterfeit activities on the rise By CBSI media Article No. : 05/2019 Over the years the number of counterfeiting activities has increased in our country. The Central Bank of Solomon Islands (CBSI) has been keeping track on these illegal activities and would like to alert the public through our awareness programs....

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Governors remarks at the launching of the 2018 annual report

Governors remarks at the launch of the 2018 CBSI Annual Report, Denton Rarawa Governor Central Bank of Solomon Islands Launch of the 2018 Annual Report- Mendana Hotel Honiara – 20th May, 2019 Download PDF Salutations ·        The Honourable Minister of Finance & Treasury, ·        Other Honourable Ministers and Members of Parliament, ·        Representatives of the Diplomatic Corps, ·        Senior Government officials, ·        Central Bank Directors, ·        Heads of Statutory Authorities, ·        Heads of Financial Institutions, ·        Representatives of Non-Government Organizations, ·        Representatives of the Private Sector, ·        Representatives of the Media, ·        Ladies and gentlemen,   It is a pleasure and an honour to warmly welcome you all and thank you for accepting our invitation to the launch of CBSI’s 2018 Annual Report. This event is one of the important occasions in the Bank’s calendar.  It provides me an opportunity to account for the Bank’s operations and financial outcomes during the year. However, before I do that, let me first of all present to you an assessment of economic conditions last year, as well as share some food for thought on how we can progress our economy going forward. At last year’s annual report launch, I talked about the need to “reform to transform” our economy after 40 years of nationhood. Today, I want to focus on reforms in the next four to six years. What realistically we could...

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Handling Money

Handling Money By CBSI Media Article No. : 03/2019 Welcome again to this week’s topic where we cover some key issues about handling money and other useful information about our national currency....

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Deputy Governors opening remarks at the launch of the new $5 polymer banknote

Deputy Governors opening remarks at the launch of the new $5 polymer banknote. Dr. Luke Forau Deputy Governor, Central Bank of Solomon Islands Launch of the new $5 polymer banknote – Heritage Park Hotel Honiara – 2nd May, 2019 Download PDF Salutation Permanent Secretary (Ag), Ministry of Finance and Treasury, Representatives from the Ministry of Commerce, Industries, Labor and Immigration Representatives from the Ministry of Fisheries and Marine Resources. CBSI Board of Directors CEOs and country managers from the banking industry. Our business partners from Note Printing Australia and CCL – NPA’s CEO Mr. Malcolm McDowell and Mr Nuwan Kalpage, and from PolyTeQ, Mr. Brian Lang. Representatives from the media Distinguished guests Ladies and Gentlemen,   A very good morning and warm welcome to you all! It’s an honour to have you here with us this morning, to witness the launch of the country’s new polymer $5 banknote. As you may have already probably aware, the new polymer $5 note was unveiled recently at the International Currency Conference in Dubai, United Arab Emirates. It was a fitting occasion given the presence of important global players in the Cash Cycle – from the note printers, ink suppliers, manufacturers of security features, suppliers of printing machines, suppliers of polymer substrates to the Note Issuing Authorities that included the Central Banks and Treasuries. But, at the Currency Conference, what seemed to be a topical issue was...

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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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