Category: Press Releases

CBSI warns of another pyramid scheme in Solomon Islands

CBSI warns of another pyramid scheme in Solomon Islands Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) is strongly advising the general public to avoid investing in a new pyramid scheme that is currently being promoted as “One Link Pacifica.”...

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Press Release -Insurance Sector Market Conduct Directives

Insurance Sector Market Conduct Directives Honiara, Solomon Islands – The Office of the Controller of Insurance (COI) has released for implementation two new directives. The directives cover two specific areas and these are Market Conduct of Insurance Brokers and Reinsurance Management Strategy for Insurance Companies, which are applicable to all Insurance Brokers and Insurance Companies licensed by COI....

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Press Release: Regional Regulatory Sandbox Consultations with Stakeholders

Regional Regulatory Sandbox Consultations with Stakeholders Honiara, Solomon Islands – The Central Bank of Solomon Islands (CBSI) and the Alliance for Financial Inclusion (AFI) has successfully cohosted a 1-day consultation on the 8th November, on the Regional Regulatory Sandbox Guidelines with various stakeholders, representing the public and private sectors, development partners and civil society....

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Retirement savings using airtime credit

Retirement savings using airtime credit Honiara, Solomon Islands – As of today (Saturday), youSave members can make deposits into their accounts with Solomon Island National Provident Fund (SINPF) through their mobile phones, using their mobile top ups (airtime credit)....

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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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