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.

> visit Financial Stability

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, 2021)	1.2%
GDP (2017) Actual (source: SINSO)	Constant 2012 prices
Real GDP	SBD$ 10,547m
Nominal GDP	SBD$ 11,703m
Real GDP Growth	5.3%
Foreign Reserves
(November 17, 2021)	SBD $5,648m
Interest Rates (March, 2021)
Deposit Rate	0.53%
Lending Rate	10.44%
Money Supply
(November 17, 2021)	SBD $5,726m

Monetary Statistics - November 17, 2021

LATEST NEWS

Press Release: CBSI estimates $227 million minimum loss to the local economy due to the unrest on the 24th – 26th of November 2021

Nov 27, 2021 | Media, Press Releases

Press Release: CBSI estimates $227 million minimum loss to the local economy due to the unrest on the 24th -26th of November 2021 The Central Bank of Solomon Islands (CBSI) has conducted an initial impact assessment over the damage to the economy caused by the recent...

Monthly Economic Bulletin – October 2021

Nov 22, 2021 | Monthly Economic Bulletins, Publication

Monthly Economic Bulletin - October 2021 The Monthly Economic Bulletin for October 2021 is now available.

FOREIGN EXCHANGE REMITTANCE SUMMARY GUIDE FOR BANKS (AUTHORIZED DEALERS)

Nov 17, 2021 | Announcements, Media

FOREIGN EXCHANGE REMITTANCE SUMMARY GUIDE FOR BANKS (AUTHORIZED DEALERS) The table is a summary of the Exchange Control policy reviewed requirements for overseaspayments transactions which will be effective 08th July 2021. It includes types of foreignexchange...

Press Release: CBSI Clarifies “There is no Currency Shortage”

Nov 9, 2021 | Media, Press Releases

Central Bank of Solomon Islands Clarifies "There is no currency shortage" It has been reported in the section of the media that there is a shortage of currency banknotes specifically $50 and $100 banknotes in circulation. CBSI would like to clarify at the outset that...

Exchange Control Notice -05/2021: Relaxation to Foreign Currency Account and overseas investment portfolio- Effective 01st November 2021

Nov 8, 2021 | Announcements, Media

Exchange Control Notice 05/2021: Relaxation to currency account and overseas investment portfolio: Effective 01st November 2021 The Central Bank of Solomon Islands hereby gives notice to all banks of the following policies;

What makes Credit Union Unique?

Oct 29, 2021 | Publication

What makes Credit Unions Unique By Natasha Eddie Hivae Article No. : 13/2021 What Makes Credit Union’s Unique By, Natasha Eddie, Central Bank of Solomon Islands While you may have preferences on where to bank or save your money, you might want to take a look at what...

CBSI celebrate International Credit Union Day in 2 days symposium

Oct 29, 2021 | Article, Media

CBSI celebrates international credit union day in 2 days symposium By CBSI Media Article No. : 15/2021 The Central Bank of Solomon Islands on October 21st have joined forces with other credit unions around the world to celebrate the International Credit Union Day...

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