Category: Media

What NPF’s new saving scheme is

What NPF’s new saving scheme is By Natasha Eddie, CBSI Communications Officer Article No. : 03/2017 For so long, those in the informal sectors have been excluded from joining Solomon Islands Provident Fund. But with the Solomon Islands National Provident Funds (SINPF) newly launched youSave saving scheme, self- employers like market vendors, farmers, taxi drivers, contractors, domestic fishermen can now save their money for retirement.  ...

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CBSI Role in the Cash Cycle

Many people still do not understand how cash circulates with in our economy and often express their interest in knowing more about the role of Central Bank of Solomon Islands (CBSI) in this area. This article describes the role of the Central Bank in the cash cycle and aims to inform the public of how the cycle works in general, in order for people to understand and
appreciate the role CBSI plays in maintaining smooth circulation. The full article and currency movement chart can be downloaded below.

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Debt – Growth Nexus, Case for Solomon Islands

External borrowing or debt is a common practice in developing and least developed countries around the world for various reasons. If local borrowing is limited, these countries depend on sourcing external funds to subsidize their deficit budgets or cushion revenue shortfalls and to fund major infrastructure or development projects.The full article can be downloaded below.

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Key Statistics

Inflation
(September, 2017) 1.5%
GDP (2016)
RGDP (Real) *estimates SBD$ 4,607m
NGDP (Nominal) *estimates SBD$ 8,504m
Real GDP Growth3.5%
Foreign Reserves
(November 15, 2017)SBD $4,486m
Interest Rates
September, 2017)
Deposit Rate0.30%
Lending Rate10.47%
Money Supply
(November 15, 2017)SBD $4,805m

Exchange Rates

per
SBD
Today
24/11/2017
Last Week
17/11/2017
USD0.12630.1265
GBP0.09490.0960
EUR
0.10670.1074
AUD0.16570.1666
NZD
0.18340.1845
JPY14.048214.2915
SDR0.08950.0898
CNY0.83210.8389
Index107.1107.3

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