Public Notice – 2019 Cash Exchange Program

Public Notice – 2019 Cash Exchange Program The Central Bank of Solomon Islands (CBSI) would like to inform the public that an exchange of soiled and mutilated or torn banknotes for new $5 dollar notes will take place this Friday 12th of April in front of the CBSI main office, Point Cruz. CBSI would like to ensure that only quality banknotes are circulated in the hands of individuals, communities, business houses and the public at large. This arrangement will continue for the next 4 weeks until the launch of Solomon Islands newest $5 dollar polymer banknote. For more information related to our currency, call us on 21791 or send an email on info@cbsi.com.sb Central Bank of Solomon Islands 11 April 2019  ...

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2019 South Pacific Central Banking Conference

2019 South Pacific Central Banking Research Conference The 2019 South Pacific Central Banking Research Conference will be held in Port Vila, Vanuatu from 13 – 15 November 2019. The annual conference brings together South Pacific central bank researchers to share with academics, policy makers, regulators, multilateral organisations, business leaders, civil society, from the South Pacific, Australasia and the wider Asia-Pacific region, current research on the region and to explore vital links between research and policy relating to central banking issues, including financial and private sectors and economic growth and development. Conference...

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Press Release: Monetary Policy Stance – March 2019

Press Release: Monetary Policy Stance – March 2019  Following its meeting on March 29 2019, the Central Bank of Solomon Islands (CBSI) Board resolved to adopt a moderate tightening monetary policy stance for the next six months. You can download the Press Release and the full Monetary Policy Statement – March 2019 below. Press Release Monetary Policy...

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Press Release: Insurance Bill Consultation

Insurance Bill Consultation The Central Bank of Solomon Islands (CBSI) and the Ministry of Finance and Treasury (MoFT) is conducting a nationwide consultation on the Insurance Bill 2018 in relation to changes to the Insurance Act....

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Why New Banknotes?

Why New Banknotes? By CBSI Press Article No. : 01/2019 A lot of people may ask why the Central banks issue new bank notes. It’s really that simple. Advances in technology have provided counterfeits with better methods for imitating genuine banknotes. For this reason Central banks must develop more advanced security features. In addition, the Central Bank is also conscious of the need to introduce notes that are durable to ensure added life expectancy of notes in circulation....

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What you need to know about the new commemorative note and coin

What you need to know about the new commemorative note and coin By CBSI Press Article No. : 04/2017 On the 5th of July, the Central Bank of Solomon Islands (CBSI) Governor Denton Rarawa and Permanent Secretary of Ministry of Finance Harry Kuma, unveiled the commemorative $40 banknote and $2 coin to celebrate and mark Solomon Islands 40 years of Independence. The commemorative note issued by CBSI is designed and printed by De La Rue on its safeguard polymer substrate while the $2 coloured coin is produced by the Royal Australian Mint (RAM).  Download full copy below....

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Norma puts Solomon Islands on the FI global map

Norma puts Solomon Islands on the FI global map By CBSI Press Article No. : 02/2018 She was among six of the top recipients from around the globe to receive the 2018 Young Generation award on the night of the sixth Alliance for Financial Inclusion (AFI) Awards in Sochi, Russia. Download copy of full article below.  ...

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Key Statistics

Inflation
(February, 2019) 2.1%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(April 10, 2019)SBD $5,157m
Interest Rates
(December, 2018)
Deposit Rate0.30%
Lending Rate10.79%
Money Supply
(April 10, 2019)SBD $5,230m

Exchange Rates

per
SBD
Today
24/04/2019
Last Week
17/04/2019
USD0.12340.1236
GBP0.09520.0946
EUR
0.10980.1095
AUD0.17340.1725
NZD
0.18510.1828
JPY13.301113.8417
SDR0.08900.0889
CNY0.8286 0.8293
Index110.1109.7

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