Category: Press Releases

Press Release: Monetary Policy Stance – March 2019

Press Release: Monetary Policy Stance – March 2019  Following its meeting on March 29 2019, the Central Bank of Solomon Islands (CBSI) Board resolved to adopt a moderate tightening monetary policy stance for the next six months. You can download the Press Release and the full Monetary Policy Statement – March 2019 below. Press Release Monetary Policy...

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Press Release: Insurance Bill Consultation

Insurance Bill Consultation The Central Bank of Solomon Islands (CBSI) and the Ministry of Finance and Treasury (MoFT) is conducting a nationwide consultation on the Insurance Bill 2018 in relation to changes to the Insurance Act....

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Press Release: For Immediate Release

DAMAGE TO CURRENCY The Central Bank of Solomon Islands (CBSI) wish to remind the public that individuals or groups involved in deliberately damaging the nation’s currency banknotes and coins, can be penalized....

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Press Release: World Governors Meeting

World Governors Meeting The Board of Governors of the World Bank Group and International Monetary Fund (IMF) concluded their 2018 Annual Meetings in Bali, Indonesia on Sunday, 14 October 2018.  Speaking at the closing of the meeting, the Solomon Islands head of delegation and Governor for Solomon Islands on the IMF Board of Governors Mr. Denton Rarawa said that he was pleased with the fruitful outcome of this year’s meetings with senior management of the World Bank Group and the IMF at this year’s Board of Governors Meeting....

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Key Statistics

Inflation
(March, 2019) 1.3%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(May 15, 2019)SBD $5,124m
Interest Rates
(March, 2019)
Deposit Rate0.31%
Lending Rate10.83%
Money Supply
(May 15, 2019)SBD $5,197m

Exchange Rates

per
SBD
Today
21/05/2019
Last Week
14/05/2019
USD0.12260.1229
GBP0.09630.0947
EUR
0.10980.1095
AUD0.17740.1764
NZD
0.18760.1868
JPY13.501313.4572
SDR0.08890.0887
CNY0.8469 0.8421
Index111.4111.0

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