Category: Media

Press Release: CBSI Signs MOU with Griffith University

The Central Bank of Solomon Islands (CBSI) and Griffith University (GU) of Brisbane, Australia, have signed a Memorandum of Understanding (MOU) today ( 20 October 2017) that will facilitate and enhance joint research activities aimed at developing capacity for research and policy formulation at CBSI in the next 5 years.

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What you should know about Credit Unions

What you should know about Credit Unions  By Natasha Eddie Article No. : 09/2017 While you may have preferences on where to bank or save your money, you might want to take a look at what credit unions has to offer....

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Press Release: Monetary Policy Stance – September 2017

At its meeting on October 3rd 2017, the Board of the Central Bank of Solomon Islands (CBSI) resolved to maintain the accommodative monetary policy stance for the next six months. CBSI Governor and Chairman, Mr. Denton Rarawa said the accommodative policy stance is appropriate given the slower growth in private sector credit, low inflation environment and the need to support economic activities....

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Remarks by Gane Simbe at the official opening of the PFIP Ideation Workshop

Remarks by Deputy Governor Gane Simbe at the official opening of the PFIP Ideation Workshop on saving clubs at the Heritage Park Hotel on 11 September 2017. Gane Simbe Deputy Governor, Central Bank of Solomon Islands Official Opening of the PFIP Ideation Workshop on Saving Clubs – Heritage Park Hotel Honiara – 11th September, 2017 Download PDF I thank PFIP team for inviting me to do the honor of making some brief remarks at the start of your workshop this morning, which focuses on exploring ideas on how to link savings clubs to formal financial institutions. Let me begin first by acknowledging the PFIP for the support and for the work that it has been doing in progressing financial inclusion in our country and importantly, on the projects with Savings Clubs that are so unique and necessary from the Solomon Islands context. We recognize the earlier work that PFIP had done in developing the Savings club manual with best practices following extensive field studies and thereafter their on-going support to institutions like World Vision, Live & Learn, Mother’s Union, Ministry of Women and others in promoting savings clubs in the remote rural communities of the country, primarily targeting women. This workshop, which will facilitate the next steps, in the exploring linkage of savings clubs with formal financial services, is indeed a good step forward and is in line with...

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Press Release: CBSI on POB Issue

CBSI on POB Issue (Honiara 04.09.17) – The Central Bank of Solomon Islands (CBSI) wish to advise the public to be cautious about bogus emails and misleading information currently circulating within Honiara about the internal operations of Pan Oceanic Bank (POB)....

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Key Statistics

Inflation
(July, 2018) 2.2%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(October 03, 2018)SBD $4,756m
Interest Rates
(August, 2018)
Deposit Rate0.33%
Lending Rate10.70%
Money Supply
(October 03, 2018)SBD $5,117m

Exchange Rates

per
SBD
Today
15/10/2018
Last Week
08/10/2018
USD0.12310.1232
GBP0.09340.0943
EUR
0.10640.1070
AUD0.17300.1744
NZD
0.18890.1908
JPY13.812114.0272
SDR0.08810.0886
CNY0.84990.8475
Index110.2110.6

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