Category: Press Releases

Press Release- Solomon Islands Government Commits to Digitization of 80% of Payments by 2020

Press Release – Solomon Islands Government Commits to Digitization of 80% of Payments by 2020 Honiara, Solomon Islands – The Solomon Islands Government has today announced its commitment to become a member of the Better Than Cash Alliance (BTCA) and use electronic payment channels for both payments and receipts in a way that improves lives and expands responsible digital financial services....

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Press Release – New Financial Inclusion Specialist in Honiara

Press Release – New Financial Inclusion Specialist in Honiara (Honiara 1 May 2017) The Central Bank of Solomon Islands (CBSI) formally received the appointment of a new financial inclusion specialist under the United Nations Pacific Financial Inclusion Programme (PFIP) in Honiara, on Monday, May 1, 2017....

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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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Key Statistics

Inflation
(March, 2017) -1.8%
GDP (2015)
RGDP (Real)SBD$ 4,472m
NGDP (Nominal)SBD$ 8,142m
Real GDP Growth2.9%
Foreign Reserves
(May 10, 2017)SBD $4,396m
Interest Rates
(February, 2017)
Deposit Rate0.27%
Lending Rate10.70%
Money Supply
(May 10, 2017)SBD $4,448m

Exchange Rates

per
SBD
Today
22/05/2017
Last Week
15/05/2017
USD0.12580.1254
GBP0.09670.0973
EUR
0.11240.1148
AUD0.16890.1696
NZD
0.18170.1830
JPY13.990714.1958
SDR0.09110.0918
CNY0.86490.8654
Index108.0
108.4