Welcome to the Central Bank of Solomon Islands

CBSI is the premier financial institution in the country and is at the center of the banking and financial system, performing a number of essential functions, including the formulation and implementation of the country’s monetary policies.

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Maintaining Price Stability

Our Primary Objective is to maintain price stability, Price stability is essential for sustainable economic growth and it represents one of the key outcomes that monetary policy aims to achieve.

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Maintaining a Stable Financial System.

An additional objective of the Central Bank of Solomon Islands, is to foster and to maintain a stable financial system.

> visit Financial Stability

National Financial Inclusion Strategy 3

The Central Bank of Solomon Islands (CBSI) and the Ministry of Communications & Aviation (MCA) have successfully launched the National Financial Inclusion Strategy 3 (NFIS 3) 2021-2025.

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KEY INDICATORS

Inflation
(October, 2024)	3.8%
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 $5,585m
Interest Rates (June, 2024)
Deposit Rate	0.46%
Lending Rate	8.23%
Money Supply
(October 23, 2024)	SBD $5,937m

Monetary Statistics - October 23, 2024

LATEST NEWS

Press Release No13.24 – Prudential Standard No. 5 on Open Foreign Currency Open Positions for the Commercial Banks licensed by the Central Bank of Solomon Islands.Press Release No13.24 –

Dec 3, 2024 | Media, Press Releases

Prudential Standards No. 5 on Open Foreign Currency Open Positions for the Commercial Banks licensed by the Central Bank of Solomon Islands.The Central Bank of Solomon Islands (CBSI) is pleased to announce the publication of Prudential Standard No. 5 on Open Foreign...

Keynote Address by Dr. Luke Forau, Governor, Central Bank of Solomon Islands At the National Education Workshop on Parametric Insurance held at the Heritage Park Hotel on the 2nd of December 2024.

Dec 2, 2024 | Media, Speeches

Keynote Address by Dr. Luke Forau, Governor, Central Bank of Solomon Islands At the National Education Workshop on Parametric Insurance held at the Heritage Park Hotel on the 2nd of December 2024. Dr Luke ForauGovernor Central Bank of Solomon IslandsSolomon Islands...

Press Release 12.24 – AFI CEO visit highlights Solomon Islands’ achievements in advancing financial inclusion

Dec 2, 2024 | Media, Press Releases

Press Release 12.24 - AFI CEO visit highlights Solomon Islands’ achievements in advancing financial inclusion On 5th December, Dr. Alfred Hannig, Chief Executive Officer of the Alliance for Financial Inclusion, the world’s leading organization on financial inclusion...

Press Release 11.24 – ROCU Introduces New Guidelines to Ensure Responsible Allowances for Credit Union Directors and Committees.

Nov 29, 2024 | Media, Press Releases

Press Release 11.24 - ROCU introduces new guidelines to ensure responsibility allowances for credit union directors and committees. The Registrar of the Credit Union (ROCU) has issued a new Practice Guidance Note 5 (PGN5) on Allowances for Member of Board of Directors...

Monthly Economic Bulletin – October 2024

Nov 22, 2024 | Monthly Economic Bulletins, Publication

Monthly Economic Bulletin -October 2024The Monthly Economic Bulletin for October 2024 is now available.

Keynote Speech by Governor, Dr Luke Forau at the 2024 SICCI Business Excellence Awards

Nov 18, 2024 | Media, Speeches

Speech: Keynote Address by Governor Dr Luke Forau at the 2024 SICCI Business Excellence Awards. CBSI Governor, Dr Luke Forau presenting the Keynote Address at the 2024 SICCI Business Awards - Photo credits: SICCI Dr Luke Forau Governor Central Bank of Solomon...

Press Release: Financial Stability Report for the First Half of 2024 Highlights Resilience Amid Global and Domestic Challenges

Nov 13, 2024 | Media, Press Releases

Press Release 10/24: CBSI Financial Stability Report for the first half of 2024 highlights Resilience Amid Global Challenges. The Central Bank of Solomon Islands (CBSI) is pleased to announce the publication of its Financial Stability Report for the first half of...

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