Category: Press Releases

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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Press Release – Monetary Policy Stance – March 2017

At its meeting on March 29 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 low inflation environment provided policy space for the Bank to continue with its accommodative monetary policy stance to allow the economy to grow....

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Key Statistics

Inflation
(October, 2019) 2.1%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(February 19, 2020)SBD $4,806m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(February 19, 2020)SBD $5,028m

Exchange Rates

per
SBD
Today
28/02/2020
Last Week
21/02/2020
USD0.12140.1215
GBP0.09420.0943
EUR
0.11070.1125
AUD0.18470.1830
NZD
0.19230.1912
JPY13.355813.5934
SDR0.08860.0892
CNY0.8516 0.8524
Index113.8113.3

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