Category: Press Releases

Monetary Policy Statement for March 2020

Monetary Policy Statement for March 2020  The Central Bank of Solomon Islands (CBSI) Board at its meeting held on March 12th 2020 adopted an expansionary monetary policy stance for the next six months, and aims to support growth in the economy, as inflation is expected to remain within its desired level.  This decision was taken considering the expected slowdown in global growth than previously anticipated, moderate growth prospects for 2020 and, risks around this outlook. Download Press...

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CBSI Reiterates Position on ONE LINK PACIFICA

CBSI Reiterates Position on ONE LINK PACIFICA The Central Bank of Solomon Islands (CBSI) wish to clearly state that its position on the ONE LINK PACIFICA (OLP) issue remains unchanged and that people should refrain from investing in the scheme....

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Raynold Moveni appointed as new Deputy Governor to CBSI

Raynold Moveni Appointed as New Deputy Governor to CBSI Honiara, Solomon Islands – The Solomon Islands Government (SIG), through the Minister of Finance and Treasury, have appointed Mr. Raynold Micah Moveni to be the next Deputy Governor of the Central Bank of Solomon Islands (CBSI). This appointment was made in accordance with section 41(2) of the Central Bank of Solomon Islands Act 2012 and is for a period of 6 years effective from January 30, 2020....

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Press Release: Money Laundering & Terrorism workshop good for Solomon Islands

Money Laundering & Terrorism Financing workshop good for Solomon Islands Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Solomon Islands Financial Intelligence Unit (SIFIU) successfully hosted a 3-day strategic implementation planning workshop on Anti Money Laundering (AML) and Criminal Finance Terrorism (CFT)....

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Key Statistics

Inflation
(April, 2020) 7.8%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(July 01, 2020)SBD $5,459m
Interest Rates
(March, 2020)
Deposit Rate0.49%
Lending Rate11.56%
Money Supply
(July 01, 2020)SBD $5,066m

Exchange Rates

per
SBD
Today
10/07/2020
Last Week
03/07/2020
USD0.12080.1207
GBP0.09580.0968
EUR
0.10700.1075
AUD0.17350.1745
NZD
0.18390.1855
JPY12.955812.9840
SDR0.08720.0877
CNY0.8443 0.8529
Index111.0111.4

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