Category: Press Releases

Press Release: CBSI monetary policy stance for the next 6 months

Following a Central Bank of Solomon Islands (CBSI) Board of Directors meeting on 06 April 2016, the Governor and Chairman of the Board, Mr Denton Rarawa announced that the CBSI monetary policy stance for the next 6 months will remain accommodative. This compliments the expansionary policy of the Government which aims at growing the economy and address the development needs of the country....

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Press Release: NFIT endorse next medium-term strategy

(Honiara 25.02.16) – The National Financial Inclusion Taskforce (NFIT) officially endorsed its next medium – term National Financial Inclusion Strategy (NFIS 2) on Tuesday this week, paving the way for a more concerted and coordinated approach towards broadening and deepening financial inclusion in the country with greater promotion and emphasis on quality, access and the empowerment of rural Solomon Islanders....

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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 12, 2020)SBD $4,809m
Interest Rates
(December, 2019)
Deposit Rate0.38%
Lending Rate10.40%
Money Supply
(February 12, 2020)SBD $4,958m

Exchange Rates

per
SBD
Today
24/02/2020
Last Week
17/02/2020
USD0.12140.1215
GBP0.09370.0933
EUR
0.11200.1121
AUD0.18340.1809
NZD
0.19170.1888
JPY13.545213.3398
SDR0.08900.0888
CNY0.8543 0.8483
Index113.4112.6

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