The dangers of investing in pyramid Scheme

The Dangers of Investing in a Pyramid Scheme. By CBSI Media  Article No. : 20/2020 Solomon Islands is a major target for scammers and fraudsters who are actively spreading their networks through out the Pacific Region. Although...

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Quarterly Review (Q3) – September 2020

Quarterly Review (Q3) – September 2020 The third Quarterly review September 2020 is now available. The Quarterly Review is prepared by the Economics Research and Statistics Department of the Central Bank of Solomon Islands...

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Central Province: More focus on Micro Insurance

Central Province: More focus on Micro Insurance  By Natasha Eddie Article No. : 19/2020 There should be more focus on developing micro-insurance products that can cater for the needs of rural Solomon Islands. This was the...

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SICUL Elects NEW Board Directors

Solomon Islands Credit Union League Elects new Board of Directors  The Central Bank of Solomon Islands has successfully hosted the Solomon Islands Credit Union League (The League) special general meeting in Honiara on the 3rd...

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Causes of Money Management Problems

Causes of Money Management Problems  By CBSI Media Article No. : 18/2020 Money management problem has its causes. Below are some examples: Lack training on the use of money in the home: When parents do not teach their children...

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Managing your personal Finance during COVID-19

Managing your personal finance during COVID-19 By Junior Faka Article No. : 17/2020 During this COVID-19 period, decisions that individual makes may have financial implications whether it be for health, economic or...

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Key Statistics

Inflation
(February, 2024) 4.8%
GDP 2022 Actual
(Source: SINSO)
Constant Price: 2012
Real GDP
SBD$ 10,894.6m
Nominal GDP
SBD$ 12,774.5m
Real GDP Growth2.4%
Foreign Reserves
(April 24, 2024)SBD $5,677m
Interest Rates
(December, 2023)
Deposit Rate0.38%
Lending Rate8.74%
Money Supply
(April 24, 2024)SBD $5,915m

Exchange Rates

Per
SBD
Today

02/05/2024
Last Week

25/04/2024
USD0.11690.1167
GBP0.09333
0.09371
EUR0.10914
0.10910
AUD0.179270.17954
NZD0.197320.19663
JPY18.1271018.10776
SDR0.088800.08872
CNY
0.846490.84554
Index115.9116.10