Category: Press Releases

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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Press Release – December 2016 Quarterly Economic Review

The Central Bank of Solomon Islands (CBSI) has published the Bank’s 2016 December Quarterly Economic Review on the CBSI website (www.cbsi.com.sb) on April 10th, 2017. The December Economic Review provides an assessment of how the domestic economy performed in 2016 and it’s near term macroeconomic outlook.  ...

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Press Release – CBSI to Lead GMW Event in Western Province

Press Release – CBSI to Lead GMW Event in Western Province (Honiara 2_.03.17) – The Central Bank of Solomon Islands (CBSI) in collaboration with the National Fisheries Development Credit Union Fund (NFDCUF) and the SolTuna Trust Credit Union Fund (STCUF) will be hosting a series of events between 27 March – 2 April to celebrate the 2017 Global Money Week (GMW), in Western Province....

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Press Release: Moving towards electronic payments

(Honiara 05.10.16) – Moving payments towards an electronic or digital platform can transform how individuals, business and the Government interact financially.  As a national financial inclusion priority area, the Central Bank of the Solomon Islands (CBSI), is committed to working with partners to identify and digitize payment channels....

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Key Statistics

Inflation
(September, 2017) 1.5%
GDP (2016)
RGDP (Real) *estimates SBD$ 4,607m
NGDP (Nominal) *estimates SBD$ 8,504m
Real GDP Growth3.5%
Foreign Reserves
(November 08, 2017)SBD $4,435m
Interest Rates
September, 2017)
Deposit Rate0.30%
Lending Rate10.47%
Money Supply
(November 08, 2017)SBD $4,746m

Exchange Rates

per
SBD
Today
17/11/2017
Last Week
10/11/2017
USD0.12650.1270
GBP0.09600.0968
EUR
0.10740.1093
AUD0.16660.1656
NZD
0.18450.1826
JPY14.291514.4282
SDR0.08980.0905
CNY0.83890.8426
Index107.3106.9

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