Category: Media

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 the 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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Press Release- Solomon Islands Government Commits to Digitization of 80% of Payments by 2020

Press Release – Solomon Islands Government Commits to Digitization of 80% of Payments by 2020 Honiara, Solomon Islands – The Solomon Islands Government has today announced its commitment to become a member of the Better Than Cash Alliance (BTCA) and use electronic payment channels for both payments and receipts in a way that improves lives and expands responsible digital financial services....

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Press Release – New Financial Inclusion Specialist in Honiara

Press Release – New Financial Inclusion Specialist in Honiara (Honiara 1 May 2017) The Central Bank of Solomon Islands (CBSI) formally received the appointment of a new financial inclusion specialist under the United Nations Pacific Financial Inclusion Programme (PFIP) in Honiara, on Monday, May 1, 2017....

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Key Statistics

Inflation
(May, 2018) 2.8%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(August 8, 2018)SBD $5,060m
Interest Rates
(June, 2018)
Deposit Rate0.35%
Lending Rate10.84%
Money Supply
(August 8, 2018)SBD $5,037m

Exchange Rates

per
SBD
Today
20/08/2018
Last Week
17/08/2018
USD0.12430.1250
GBP0.09770.0976
EUR
0.10900.1088
AUD0.17070.1700
NZD
0.18800.1883
JPY13.762813.8375
SDR0.08960.0897
CNY0.85650.8545
Index109.2108.5

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