Welcome to the Central Bank of Solomon Islands

CBSI is the premier financial institution in the country and is at the center of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies.

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Maintaining Price Stability

Our Primary Objective is to maintain price stability, Price stability is essential for sustainable economic growth and it represents one of the key outcomes that monetary policy aims to achieve.

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Maintaining a Stable Financial System.

An additional objective of the Central Bank of Solomon Islands, is to foster and to maintain a stable financial system.

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National Financial Inclusion Strategy 3

The Central Bank of Solomon Islands (CBSI) and the Ministry of Communications & Aviation (MCA) have successfully launched the National Financial Inclusion Strategy 3 (NFIS 3) 2021-2025.

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KEY INDICATORS

Inflation
(September, 2022)	9.5%
GDP (2020) Actual (source: SINSO)	Constant 2012 prices
Real GDP	SBD$ 10,373.1m
Nominal GDP	SBD$ 12,617.0m
Real GDP Growth	-3.4%
Foreign Reserves
(November 23, 2022)	SBD $5,242m
Interest Rates (March, 2022)
Deposit Rate	0.48%
Lending Rate	10.05%
Money Supply
(November 23, 2022)	SBD $5,598m

Monetary Statistics - November 23, 2022

LATEST NEWS

Press release 20:22 – Preliminary estimates on Earthquake Damage and loss

Nov 25, 2022 | Media, Press Releases

Press Release 20:22 - Preliminary estimates on Earthquake Damage and LossFollowing a 7.3 magnitude earthquake that struck Guadalcanal Island on the 22nd of November 2022, the Central Bank of Solomon Islands (CBSI) conducted a quick assessment of affected buildings in...

PR 19.2022 : CBSI Conducts ‘Minerals Exports’ Workshop for Mineral Exporters and Stakeholders: Minerals Exports now processed Under Specific Authority to Exports.

Nov 24, 2022 | Media, Press Releases

Press Release 19.22 CBSI conducts 'Minerals Exports Workshop for Mineral Exporters and Stakeholders: Minerals Exports now proccessed under specific authority to exports. The Central Bank of Solomon Islands last week on the 18th Friday November 2022 conducted a one-day...

PR.18.22 :CBSI conducts e-KYC workshop for stakeholders and financial institutions

Nov 24, 2022 | Media, Press Releases

Press Release 18.22: CBSI conducts e-KYC workshop for stakeholders and financial institutionsThe Central Bank of Solomon Islands (CBSI) last month in October successfully conducted a workshop on an Electronic Know Your Customer (e-KYC) facility in Honiara. The e-KYC...

Monthly Economic Bulletin – October 2022

Nov 24, 2022 | Publication

Monthly Economic Bulletin -October 2022 The Monthly Economic Bulletin for October 2022 is now available.

Monthly Economic Bulletin – September 2022

Nov 16, 2022 | Publication

Monthly Economic Bulletin - September 2022 The Monthly Economic Bulletin for September 2022 is now available.

PR 17.22 – 37th South Pacific Central Bank Governors Meeting – Joint Official Communique

Nov 11, 2022 | Media, Press Releases

PR 17.22 - 37th South Pacific Central Bank Governor's Meeting : Joint Official Meeting Communique The 37th South Pacific Central Bank Governors Meeting (SPCBGM) was held in Port Vila on November 3-4, 2022. The Reserve Bank of Vanuatu was honored to host the meeting,...

EXCHANGE CONTROL NOTICE: 02/2022

Nov 9, 2022 | Media, Press Releases

EXCHANGE CONTROL NOTICE: 02/2022The Central Bank of Solomon Islands (Comptroller of Foreign Exchange) (CBSI) pursuant to regulation 13 of the Exchange Control (Foreign Exchange) Regulation 1977, and the Gazette Notice No: 305, Nov 2022, hereby notifies that all...

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