Welcome to the Central Bank of Solomon Islands

CBSI is the premier financial institution in the country and is at the center of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies.

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Maintaining Price Stability

Our Primary Objective is to maintain price stability, Price stability is essential for sustainable economic growth and it represents one of the key outcomes that monetary policy aims to achieve.

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Maintaining a Stable Financial System.

An additional objective of the Central Bank of Solomon Islands, is to foster and to maintain a stable financial system.

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National Financial Inclusion Strategy 3

The Central Bank of Solomon Islands (CBSI) and the Ministry of Communications & Aviation (MCA) have successfully launched the National Financial Inclusion Strategy 3 (NFIS 3) 2021-2025.

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KEY INDICATORS

Inflation
(February, 2024)	4.8%
GDP 2022 Actual (Source: SINSO)	Constant Price: 2012
Real GDP	SBD$ 10,894.6m
Nominal GDP	SBD$ 12,774.5m
Real GDP Growth	2.4%
Foreign Reserves
(April 3, 2024)	SBD $5,689m
Interest Rates (December, 2023)
Deposit Rate	0.38%
Lending Rate	8.74%
Money Supply
(April 3, 2024)	SBD $5,842m

Monetary Statistics - April 3, 2024

LATEST NEWS

GOVERNORS OFFICIAL STATEMENT: LAUNCHING OF THE 2023 ANNUAL REPORT

Apr 22, 2024 | Annual Reports, Media, Speeches

Governors Speech- Launching of 2023 Annual reportDr. Luke ForauGovernor Central Bank of Solomon Islands2023 Annual Report Launch- Heritage Park HotelHoniara - 22, April 2024 Statement by CBSI Governor Dr Luke Forau At the Launch of the 2023 CBSI Annual Report ...

Central Bank of Solomon Islands Annual Report – 2023

Apr 22, 2024 | Annual Reports, Media

Central Bank of Solomon Islands Annual Report - 2023As required by the CBSI Act 2012, CBSI each year must produce an annual report of all its activities and engagements. The CBSI Annual Report for 2023 is now available. Click on the "download" link to access a soft...

Press Release 06/24 – Solomon Islands’ New Payment System to improve efficiency in payment and Increase Access to Banking, Support EconomyPress Release 06/24 –

Apr 8, 2024 | Media, Press Releases

Solomon Islands New Payment System to Improve efficiency and increase access to Banking, Support Economy Solomon Islands’ New Payment System to improve efficiency in payment and Increase Access to Banking, Support Economy Honiara, Solomon Islands, April 8,...

Governor’s Remarks at the launch of the National Payments System – SOLATS, in Honiara – Monday 8th June

Apr 8, 2024 | Media, Speeches

Speech: Governor's Remarks at the Launch of the National Payments System - SOLATS in Honiara Dr Luke ForauGovernor Central Bank of Solomon IslandsOfficial launch of the National Payment System - SOLATS - CBSI Board Room Honiara - Monday 8th April, 2024 ...

Press Release No.5/24 – IumiCash Ltd admitted as the 3rd applicant under the CBSI RSB Framework to start testing its Money Transfer Services (MTS)

Apr 4, 2024 | Media, Press Releases

IumiCash Ltd admitted as the 3rd applicant under the CBSI RSB Framework to start testing its Money Transfer Services (MTS)The iumiCash Ltd has been admitted as the 3rd applicant under the CBSI Regulatory Sandbox Framework to commence testing its Money Transfer...

Article No1.24 – A digital transformation journey driven by data since 2020 in Solomon Islands

Apr 2, 2024 | Article, Media

A digital transformation journey driven by data since 2020 in Solomon Islands By François Coupienne and Zoe Victoria Tate, UNCDFArticle No. : 01/2024Over the past four years, the Government of Solomon Islands (SOI) has accelerated its commitment to the development of...

Quarterly Report – December 2023

Mar 27, 2024 | Publication, Quarterly Reviews

Quarterly Report - December 2023 The Quarterly report for December 2023 is now available. The Quarterly Review is prepared by the Economics Research and Statistics Department of the Central Bank of Solomon Islands and published four times a year.

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