CBSI Monetary Policy Statement for September 2019

Monetary Policy Statement for September 2019 At its meeting held on October 3rd 2019, the Central Bank of Solomon Islands’ (CBSI) Board adopted an accommodative monetary policy stance for the next six months. Download Press Release Download Full...

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Quarterly Review – June 2019

Quarterly Review -June 2019 The Quarterly Economic review for June 2019 is now available.  The Quarterly Review reports on the economic performance of the economy during the preceding quarter....

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Foreign Reserves -Part 2

Foreign Reserves – Part 2 By CBSI Media Article No. : 09/2019 Welcome once again to our weekly feature from the Central Bank of Solomon Islands (CBSI). In our previous article, we looked at the definition of “Foreign Reserves,” its importance, and how it affects the country and the economy as a whole. In this article we will dig deeper and technical into foreign reserves. What factors drive the growth of our foreign reserves? What is the current level of our foreign reserves and what is CBSI doing with these foreign reserves? We will also look at the global risks that could likely have an impact to our foreign reserves and may pose a direct threat to them....

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What you need to know about Foreign Reserves

Foreign Reserves – What are they? By CBSI Media Article No. : 08/2019 Welcome back to another educational feature from the Central Bank of Solomon Islands (CBSI).This week we take a look at a new topic on “Foreign Reserves” or sometimes referred to as Gross Foreign Reserves.” In this feature we will explain what Foreign Reserve is, why it is important and how it helps the economy of the country....

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Press Release: CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments

CBSI signed agreement with stakeholders to pilot an airtime top-up for digital payments Honiara 8.15.19 – The Central Bank of Solomon Islands (CBSI) officially signed a Memorandum of Understanding (MOU) on 13th August, 2019 with the Solomon Islands National Provident Fund (SINPF), Our Telekom, Bmobile and United Nation Capital Development Fund – Pacific Financial Inclusion Program (UNCDF-PFIP) to pilot a Digital Airtime Payments Project in the country....

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Key Statistics

Inflation
(May, 2019) 1.0%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(October 16, 2019)SBD $4,912m
Interest Rates
(September, 2019)
Deposit Rate0.39%
Lending Rate10.57%
Money Supply
(October 16, 2019)SBD $5,065m

Exchange Rates

per
SBD
Today
23/10/2019
Last Week
16/10/2019
USD0.12100.1209
GBP0.09360.0952
EUR
0.10860.1096
AUD0.17630.1788
NZD
0.18870.1921
JPY13.136713.1316
SDR0.08780.0882
CNY0.8562 0.8548
Index111.7112.5

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