Category: Press Releases

CBSI Monetary Policy Statement for September 2019

Monetary Policy Statement for September 2019 At its meeting held on October 3rd 2019, the Central Bank of Solomon Islands’ (CBSI) Board adopted an accommodative monetary policy stance for the next six months. Download Press Release Download Full...

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Press Release: CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments

CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments Honiara 8.15.19 – The Central Bank of Solomon Islands (CBSI) officially signed a Memorandum of Understanding (MOU) on 13th August, 2019 with the Solomon Islands National Provident Fund (SINPF), Our Telekom, Bmobile and United Nation Capital Development Fund – Pacific Financial Inclusion Program (UNCDF-PFIP) to pilot a Digital Airtime Payments Project in the country....

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CBSI on Foreign Counterfiets

CBSI on Foreign Counterfeits Honiara 05.08.19 – The Central Bank of Solomon Islands (CBSI) has confirmed that counterfeit $50 euro notes have been found circulating in Honiara....

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Press Release: New Prudential Guidelines

Press Release:  New Prudential Guidelines On June 27, 2019, the Central Bank of Solomon Islands board (CBSI) approved the release of four (4) prudential guidelines (PG) specifically for Anti-Money Laundering (AML) Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF) which is applicable to Financial Institutions licensed and deemed licensed by the CBSI. These financial institutions are commercial banks, credit institutions, insurance underwriting companies, insurance brokers and agents, and the National Provident Fund....

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Key Statistics

Inflation
(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

per
SBD
Today
23/10/2019
Last Week
16/10/2019
USD0.12100.1209
GBP0.09360.0952
EUR
0.10860.1096
AUD0.17630.1788
NZD
0.18870.1921
JPY13.136713.1316
SDR0.08780.0882
CNY0.8562 0.8548
Index111.7112.5

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