Category: Media

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
(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 Growth2.4%
Foreign Reserves
(October 2, 2024)SBD $5,585m
Interest Rates
(June, 2024)
Deposit Rate0.46%
Lending Rate8.23%
Money Supply
(October 23, 2024)SBD $5,937m

Exchange Rates


Per
SBD

Today
20/12/2024

Last Week
13/12/2024
USD0.11780.1184
GBP0.09390.0932
EUR0.11350.1130
AUD0.18890.1856
NZD0.20900.2050
JPY18.4618.05
SDR0.09000.0902
CNY
0.86000.8602
Index115.4114.8