Category: Speeches

Governors Speech – Governors Remarks at the Launching of the commemorative $40 note and $2 colored coin

Speech: Remarks by Central Bank Governor, Denton Rarawa at the Launching of Solomon Islands commemorative $40 note and coloured $2 coin, marking Solomon Islands 40th Anniversary Independence. Denton Rarawa Governor Central Bank of Solomon Islands Launching of Solomon Islands commemorative $40 note and coloured $2 coin, marking Solomon Islands 40th Anniversary of Independence. Honiara – 05th July, 2018 Download PDF Remarks by Central Bank Governor, Denton Rarawa at the launching of Solomon Islands commemorative $40 note and coloured $2 coin, marking Solomon Islands 40th Anniversary of Independence, 5th July 2018 ___________________________________________________________________ [Salutation] PS Ministry of Finance CBSI Board Directors Commercial Bank Managers Representatives of the Media Good people of Solomon Islands Ladies & Gentlemen First of all, let me welcome you to the Central Bank and thank you for joining us this morning to witness the launch of the $40 polymer note and coloured $2 coin to mark our country’s 40th anniversary of independence.  This is a happy occasion for the Central Bank as it marks the culmination of a project that started about a year ago, but also as this event represents the Bank’s contribution towards our national celebration on the occasion of our country’s achievement of 40 years of nationhood. The idea to issue a $40 note and a coloured $2 coin to commemorate our country’s 40th anniversary of independence was discussed by the CBSI Board in...

Read More

Governors Speech – Solomon Islands Money Day 2018

Remarks on the Solomon Islands Money Day – 42nd Anniversary of Central Banking in Solomon Islands Denton Rarawa Governor Central Bank of Solomon Islands Solomon Islands Money Day: 42nd Anniversary of Central Banking in Solomon Islands Honiara – 21th July, 2018 Download PDF Formal Salutations & Acknowledgement – – A very good morning and a warm welcome to you all. Thank you for finding time in your busy schedule to be part of today’s event, hosted by the Central Bank of Solomon Islands, here at this venue. As have been the practice in the past by CBSI, on this day, 21st of June, we are gathered here mainly to celebrate two important events.   First, it is the anniversary of the work of central banking in the Solomon Islands.   Today CBSI turns 42 years of age since its humble beginnings initially as the Solomon Islands Monetary Authority back in 1976. What began as a small but critical operation of not more than 10 people, in preparation for the Solomon Islands seeking its independence two years later in 1978, has now grown into a fully-fledged central banking institution with more than 140 staff and employees, working and serving the country, our government and our people. So yes, let us acknowledge and remember that today, 21 June is the day CBSI was formally established. The second event and a very...

Read More

Governors Speech- Launching of the 2017 Annual Report

Governors Speech- Launching of 2017 Annual report Denton Rarawa Governor Central Bank of Solomon Islands 2017 Annual Report Launch- Mendana Hotel Honiara – 10th May, 2018 Download PDF Remarks by Central Bank of Solomon Islands (CBSI) Governor, Denton Rarawa at the launching of the CBSI  2017 Annual Report, Mendana Hotel, May 10th 2018    [Salutation] Deputy Prime Minister & Minister of Finance, Hon Manasseh Sogavare Minister for Forestry & Research, Hon Samuel Manetoali Permanent Secretaries & other Senior Government Officials Representatives of Diplomatic missions & international organisations CBSI Board Directors Heads of banks and other financial institutions Representatives of SOE’s and private sector companies Representatives of NGO’s, CSO’s, women’s groups Representatives of the media Ladies and gentlemen       Introduction Let me welcome you all, and thank you for accepting our invitation to be with us at this morning’s launching of the CBSI’s 2017 annual report. This is one of the important annual events for the Bank where we provide an assessment of the country’s economic conditions, comment on topical policy issues and account for the Bank’s operations in the prior year. As we all know, 2018 is a special year for our country. We will be celebrating 40 years of independence in July. Hindsight enables us to reflect on our journey, our successes and failures. I would like to look ahead and pose these questions; what do we want...

Read More

Remarks by Gane Simbe at the official opening of the PFIP Ideation Workshop

Remarks by Deputy Governor Gane Simbe at the official opening of the PFIP Ideation Workshop on saving clubs at the Heritage Park Hotel on 11 September 2017. Gane Simbe Deputy Governor, Central Bank of Solomon Islands Official Opening of the PFIP Ideation Workshop on Saving Clubs – Heritage Park Hotel Honiara – 11th September, 2017 Download PDF I thank PFIP team for inviting me to do the honor of making some brief remarks at the start of your workshop this morning, which focuses on exploring ideas on how to link savings clubs to formal financial institutions. Let me begin first by acknowledging the PFIP for the support and for the work that it has been doing in progressing financial inclusion in our country and importantly, on the projects with Savings Clubs that are so unique and necessary from the Solomon Islands context. We recognize the earlier work that PFIP had done in developing the Savings club manual with best practices following extensive field studies and thereafter their on-going support to institutions like World Vision, Live & Learn, Mother’s Union, Ministry of Women and others in promoting savings clubs in the remote rural communities of the country, primarily targeting women. This workshop, which will facilitate the next steps, in the exploring linkage of savings clubs with formal financial services, is indeed a good step forward and is in line with...

Read More

Key Statistics

Inflation
(April, 2018) 3.9%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(June 27, 2018)SBD $5,097m
Interest Rates
May, 2018)
Deposit Rate0.37%
Lending Rate10.60%
Money Supply
(June 27, 2018)SBD $4,969m

Exchange Rates

per
SBD
Today
17/07/2018
Last Week
10/07/2018
USD0.12530.1250
GBP0.09470.0941
EUR
0.10710.1064
AUD0.16910.1677
NZD
0.18520.1828
JPY14.071513.8275
SDR0.08920.0886
CNY0.83840.8287
Index108.3108.0

Pin It on Pinterest