Governors Speech- Launching of the 2017 Annual Report

Governors Speech- Launching of 2017 Annual report Denton Rarawa Governor Central Bank of Solomon Islands 2017 Annual Report Launch- Mendana Hotel Honiara – 10th May, 2018 Download PDF Remarks by Central Bank of Solomon Islands (CBSI) Governor, Denton Rarawa at the launching of the CBSI  2017 Annual Report, Mendana Hotel, May 10th 2018    [Salutation] Deputy Prime Minister & Minister of Finance, Hon Manasseh Sogavare Minister for Forestry & Research, Hon Samuel Manetoali Permanent Secretaries & other Senior Government Officials Representatives of Diplomatic missions & international organisations CBSI Board Directors Heads of banks and other financial institutions Representatives of SOE’s and private sector companies Representatives of NGO’s, CSO’s, women’s groups Representatives of the media Ladies and gentlemen       Introduction Let me welcome you all, and thank you for accepting our invitation to be with us at this morning’s launching of the CBSI’s 2017 annual report. This is one of the important annual events for the Bank where we provide an assessment of the country’s economic conditions, comment on topical policy issues and account for the Bank’s operations in the prior year. As we all know, 2018 is a special year for our country. We will be celebrating 40 years of independence in July. Hindsight enables us to reflect on our journey, our successes and failures. I would like to look ahead and pose these questions; what do we want...

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Key Statistics

Inflation
(March, 2018) 4.0%
GDP (2016)
Actual (source: SINSO)
Real GDP
SBD$ 4,603m
Nominal GDP
SBD$ 8,606m
Real GDP Growth3.4%
Foreign Reserves
(May 16, 2018)SBD $5,230m
Interest Rates
March, 2018)
Deposit Rate0.38%
Lending Rate10.79%
Money Supply
(May 16, 2018)SBD $5,013m

Exchange Rates

per
SBD
Today
24/05/2018
Last Week
17/05/2018
USD0.12620.1260
GBP0.09430.0934
EUR
0.10750.1066
AUD0.16690.1682
NZD
0.18240.1831
JPY13.925213.9010
SDR0.08890.0880
CNY0.80490.8030
Index107.3107.7

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