|Publications & StatisticsMonetary PolicyFinancial RegulationLegislationFinancial IntelligenceMedia ReleasesAbout Us||
Foreign Exchange Regulations
Exchange Control in Solomon Islands is administered by the Central Bank of Solomon Islands, on behalf of the Solomon Islands Government, in terms of the Exchange Control (Foreign Exchange) Regulations 1977 made under section 3 of the Exchange Control Act 1976. This provides for the control of all financial transactions between residents of Solomon Islands and residents of other countries. The International Department is responsible for administering Exchange Control, thus the Chief Manager of the department is the comptroller of foreign exchange.
Delegation of Authority- Authorised Dealers
By virtue of regulation 20 of the exchange control regulation (foreign exchange) regulation, the Central Bank of Solomon Islands has appointed commercials banks operating in Solomon Islands as ‘Authorised dealers’, that is, to assist in the administration of exchange control in respect of the provisions of those regulations. Those are delegated authority.
Authorized dealers are required to carry out their exchange control duties in accordance with, and shall comply with the instructions, directions and requirement as are issued or made by the Central Bank.
Legislation & Policies
Exchange Control Forms
Exchange Control Pamphlets and Notices
Solomon Islands Round Log Export System
To ensure that Solomon Islands Log Exporters obtain open market prices for their log exports and remit the full proceeds to Solomon Islands.
Round Log Export will be permitted only on the issue of a Specific Authority to Export, to be issued by the Central Bank under Exchange Control Regulations, on the basis of a Market Price Certificate from the Commissioner of Forests.
The Exporter will be required to submit to the Commissioner of Forests the following documents :