CBSI donates 50K towards Cyclone Winston appeal

THE Central Bank of Solomon Islands (CBSI) has formally handed over its’ internal donation of $50,000 as part of its contribution towards the Cyclone Winston Fiji Appeal, Friday. In a short ceremony held at the CBSI Boardroom, Central Bank Governor, Mr. Denton Rarawa handed over the cheque payment of $50,000 dollars to the Solomon Islands…

NFIT endorses next medium-term strategy

THE National Financial Inclusion Taskforce (NFIT) officially endorsed its next medium – term National Financial Inclusion Strategy (NFIS 2) on Tuesday this week, paving the way for a more concerted and coordinated approach towards broadening and deepening financial inclusion in the country with greater promotion and emphasis on quality, access and the empowerment of rural Solomon Islanders. Some of…

CBSI condemns armed robbery in Auki

(Honiara 27.11.15) – THE Central Bank of Solomon Islands (CBSI) condemns in the strongest term the armed robbery at the Bank South Pacific (BSP) branch in Auki, Malaita Province, on Friday morning. A statement released by the Central Bank, calls on Malaita National and Provincial leaders to condemn and speak out against this unlawful action,…

Government Officials agree greater integration on Financial Inclusion agenda required

(Honiara 23.11.15) – Solomon Islands senior government officials who recently attended the consultation workshop on financial inclusion at the Heritage Park Hotel last week have agreed that more integration over the current financial inclusion work into govenrment work programs is needed to help boost overall development of Solomon Islanders. This suggestion was made clear after…

Financial Inclusion seminar set for Thursday

(Honiara 17.11.15) – A key preliminary consultation workshop to identify important linkages in the overall work of financial inclusion in the country will take place this Thursday between Government officials and the Central bank of Solomon Islands (CBSI). Organized by CBSI in partnership with the United Nations Pacific Financial Inclusion Programme (PFIP), the workshop is…

CBSI Governor in Mozambique

THE Central Bank of Solomon Islands (CBSI) Governor, Mr. Denton Rarawa is currently attending the 2015 Alliance for Financial Inclusion (AFI) Global Policy Forum in Mozambique; Africa where he will participate as key panelist to one of the major discussion sessions covering data strategies for financial inclusion of Women today. Governor Rarawa, who is making…

CBSI Bokolo bills remain intact

  THE total Central Bank of Solomon Islands (CBSI) Bokolo bills stock floated in May 2015 continued to remain unchanged at $710 million, of which $620 million worth of Bokolo bills was absorbed. In its (CBSI) monthly (May) economic bulletin it revealed that the Bokolo bills weighted average yield (WAY) for 28 days remained at…

Fuel price ease in May

THE average fuel price in Honiara falls in May to $8.50 per litre, following an increase in the previous months, the Central Bank of Solomon Islands (CBSI) monthly economic bulletin revealed. The CBSI May economic bulletin stated that the average fuel price eased in May to $8.50 per litre, after an upturn in the previous…

CBSI Congratulates Westpac Bank and BSP

THE Central Bank of Solomon Islands (CBSI) wishes to congratulate Bank South Pacific (BSP) and Westpac Bank for the successful interchange of all EFTPOS and ATMs for the convenience of their banking customers. The interchange of these machines means that all customers who hold BSP Kundu Cards and/or Westpac Handy cards can now use their…