Our History

The Central Bank of Solomon Islands (CBSI)'s foundations trace back to 1976, when the Solomon Islands Monetary Authority (SIMA) was established to manage the country's currency and exchange control regulations. It was SIMA that introduced the Solomon Islands dollar in October 1977. In 1983, an Act of Parliament converted SIMA into the Central Bank, expanding its powers to include monetary policy, interest rate determination and regulatory functions. Over more than five decades, CBSI has grown into one of the most important institutions in the Solomon Islands economy