History of the premier financial institution in the country; CBSI

By CBSI Media 

Article No. : 01/2020

The Central bank of Solomon Islands (CBSI) is the premier financial institution in any economy. It is at the centre of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies.

CBSI was first known as the Solomon Islands Monetary Authority (SIMA). From 1976 the Solomon Islands Monetary Authority (SIMA) carried out their required functions. The Monetary Authority (SIMA) dealt primarily with the issuing of currency, but did not fully undertake the role of implementing monetary policy. CBSI replaced SIMA in 1983.