Category: Article

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
(May, 2022) 1.0%
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
(August 03, 2022)SBD $5,543m
Interest Rates
(March, 2022)
Deposit Rate0.48%
Lending Rate10.05%
Money Supply
(August 03, 2022)SBD $5,480m

Exchange Rates

Per
SBD
Today
16/08/2022
Last Week
09/08/2022
USD0.12180.1213
GBP0.10090.1002
EUR0.11960.1189
AUD0.17330.1735
NZD0.19110.1928
JPY16.214616.3540
SDR0.09230.0919
CNY
0.82370.8199
Index111.70112.00

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