Category: Press Releases

Monetary Policy Stance for September 2024

Press Release : 09/2024 – Monetary Policy Stance for September 2024 At its monetary policy meeting held on 29th August 2024, the Board of the Central Bank of Solomon Islands (CBSI) has adopted an...

Central Bank of Solomon Islands and Australia’s Griffith University to Host 4th Annual Pacific Research Conference and Leaders’ Forum in Honiara

Press Release : 08/2024 – Central Bank of Solomon Islands and Australia’s Griffith University to Host 4th Annual Pacific Research Conference and Leaders’ Forum in Honiara The Central Bank of Solomon Islands (CBSI) and...

Press Release 07/2024 – CBSI: Financial System Demonstrates Resilience Amid Global Challenges in Second Half of 2023

Press Release : 07/2024 – CBSI: Financial System Demonstrates Resilience Amid Global Challenges in Second Half of 2023 The Central Bank of Solomon Islands (CBSI) is pleased to release the Financial Stability Report for...

Press Release 06/24 – Solomon Islands’ New Payment System to improve efficiency in payment and Increase Access to Banking, Support EconomyPress Release 06/24 –

Solomon Islands New Payment System to Improve efficiency and increase access to Banking, Support...

Press Release No.5/24 – IumiCash Ltd admitted as the 3rd applicant under the CBSI RSB Framework to start testing its Money Transfer Services (MTS)

IumiCash Ltd admitted as the 3rd applicant under the CBSI RSB Framework to start testing its Money...

Key Statistics

Inflation
(July, 2024)	3.5%
GDP 2022 Actual (Source: SINSO)	Constant Price: 2012
Real GDP	SBD$ 10,894.6m
Nominal GDP	SBD$ 12,774.5m
Real GDP Growth	2.4%
Foreign Reserves
(October 2, 2024)	SBD $5,590m
Interest Rates (June, 2024)
Deposit Rate	0.46%
Lending Rate	8.23%
Money Supply
(October 2, 2024)	SBD $5,897m