Category: Article

What NPF’s new saving scheme is

What NPF’s new saving scheme is By Natasha Eddie, CBSI Communications Officer Article No. : 03/2017 For so long, those in the informal sectors have been excluded from joining Solomon Islands Provident Fund. But with the...

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CBSI Role in the Cash Cycle

Many people still do not understand how cash circulates with in our economy and often express their interest in knowing more about the role of Central Bank of Solomon Islands (CBSI) in this area. This article describes the role of the Central Bank in the cash cycle and aims to inform the public of how the cycle works in general, in order for people to understand and
appreciate the role CBSI plays in maintaining smooth circulation. The full article and currency movement chart can be downloaded below.

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Debt – Growth Nexus the Case for Solomon Islands

External borrowing or debt is a common practice in developing and least developed countries around the world for various reasons. If local borrowing is limited, these countries depend on sourcing external funds to subsidize their deficit budgets or cushion revenue shortfalls and to fund major infrastructure or development projects.The full article can be downloaded below.

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Key Statistics

Inflation
(November, 2022) 9.6%
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
(January 18, 2023)SBD $5,467m
Interest Rates
(March, 2022)
Deposit Rate0.48%
Lending Rate10.05%
Money Supply
(January 18, 2023)SBD $5,748m

Exchange Rates

Per
SBD
Today
01/02/2023
Last Week
25/01/2023
USD0.12130.1210
GBP0.09850.0982
EUR0.11180.1113
AUD0.17240.1719
NZD0.18790.1862
JPY15.780215.7618
SDR0.08990.0897
CNY
0.81950.8200
Index111.40111.40

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