Category: Press Releases

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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Press release: Credit Union Bill consultation commence

Credit Union Bill consultations commence (Honiara 03.10.18) – The Central Bank of Solomon Islands (CBSI) and the Ministry of Finance and Treasury (MoFT) will be conducting a nationwide consultation on the Credit Union Bill in relation to changes to the Credit Union Act. Click on Credit Union Bill/Act and Consultation Program Credit Union Bill 2018  to download a copy. Download Press Release Credit Union Bill 2018 Consultation Program Credit Union Bill...

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Press Release: CBSI on POB fake news

CBSI on POB fake news (Honiara 03.10.18) – The Central Bank of Solomon Islands (CBSI) strongly advises the public to stop spreading false information about the operations of one of the commercial banks....

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Press Release: Monetary Policy Stance – September 2018

Press Release: Monetary Policy Stance – September 2018 The Central Bank of Solomon Islands (CBSI) Board at its meeting on 27th September 2018 has approved an accommodative monetary policy stance for the next six months. This decision is based on the modest levels of projected inflation, stable macroeconomic conditions and the need to support growth in the economy. Download...

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Key Statistics

(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
(July 10, 2019)SBD $5,205m
Interest Rates
(April, 2019)
Deposit Rate0.32%
Lending Rate10.73%
Money Supply
(July 10, 2019)SBD $5,165m

Exchange Rates

Last Week
CNY0.8452 0.8432

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