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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Managing your personal Finance during COVID-19

Managing your personal finance during COVID-19 By Junior Faka Article No. : 17/2020 During this COVID-19 period, decisions that individual makes may have financial implications whether it be for health, economic or...

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Key Statistics

Inflation
(February, 2024) 4.8%
GDP 2022 Actual
(Source: SINSO)
Constant Price: 2012
Real GDP
SBD$ 10,894.6m
Nominal GDP
SBD$ 12,774.5m
Real GDP Growth2.4%
Foreign Reserves
(April 3, 2024)SBD $5,689m
Interest Rates
(December, 2023)
Deposit Rate0.38%
Lending Rate8.74%
Money Supply
(April 3, 2024)SBD $5,842m

Exchange Rates

Per
SBD
Today

26/04/2024
Last Week

19/04/2024
USD0.11690.1166
GBP0.09341
0.09374
EUR0.1090
0.10954
AUD0.179300.1816
NZD0.196500.19750
JPY18.190018.0313
SDR0.088750.08863
CNY
0.846500.84390
Index116.00116.70