Revised Exchange control fees

Revised Exchange Control Fees.  The Central Bank of Solomon Islands wished to advise our valued customers and the general public that Financial Markets & Exchange Control Department has revised its Exchange Control Fees for...

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benefits of Trade

The benefits of trade By CBSI Media Article No. : 23/2020 The Solomon Islands economy would be best described as an “open economy” because we are free to trade with other countries. But what are the benefits to the country for...

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What you need to know about the SBD

What you need to know about the “SBD” By CBSI Media  Article No. : 22/2020 It has been a common misconception that our currency code SBD stands for Solomon British Dollar, or Solomon Bokolo Dollar. The initial SBD is...

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How to protect yourself from lottery scam

How to protect yourself from lottery scam By CBSI media Article No. : 21/2020 Lottery scams follow a definite pattern. In almost every case, you’ll be contacted with the news that you’ve won a lottery prize. What happens next,...

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The dangers of investing in pyramid Scheme

The Dangers of Investing in a Pyramid Scheme. By CBSI Media  Article No. : 20/2020 Solomon Islands is a major target for scammers and fraudsters who are actively spreading their networks through out the Pacific Region. Although...

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Quarterly Review (Q3) – September 2020

Quarterly Review (Q3) – September 2020 The third Quarterly review September 2020 is now available. The Quarterly Review is prepared by the Economics Research and Statistics Department of the Central Bank of Solomon Islands...

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Central Province: More focus on Micro Insurance

Central Province: More focus on Micro Insurance  By Natasha Eddie Article No. : 19/2020 There should be more focus on developing micro-insurance products that can cater for the needs of rural Solomon Islands. This was the...

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SICUL Elects NEW Board Directors

Solomon Islands Credit Union League Elects new Board of Directors  The Central Bank of Solomon Islands has successfully hosted the Solomon Islands Credit Union League (The League) special general meeting in Honiara on the 3rd...

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Causes of Money Management Problems

Causes of Money Management Problems  By CBSI Media Article No. : 18/2020 Money management problem has its causes. Below are some examples: Lack training on the use of money in the home: When parents do not teach their children...

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Key Statistics

Inflation
(October, 2020) -0.5%
GDP (2017)
Actual (source: SINSO)
Constant 2012 prices
Real GDP
SBD$ 10,547m
Nominal GDP
SBD$ 11,703m
Real GDP Growth5.3%
Foreign Reserves
(December 09, 2020)SBD $5,443m
Interest Rates
(September, 2020)
Deposit Rate0.45%
Lending Rate10.30%
Money Supply
(December 09, 2020)SBD $5,278m

Exchange Rates

Per
SBD
Today
15/01/2021
Last Week
08/01/2021
USD0.12460.1244
GBP0.09110.0917
EUR0.10260.1013
AUD0.16040.1603
NZD0.17300.1715
JPY12.940312.8997
CNY0.805980.8039
SDR0.08640.0861
Index105.8105.8

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