Solomon Islands
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Banks

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CBSI Statement on new Cash Handling Fee and Other Fees imposed by BSP

The Central Bank of Solomon Islands (CBSI) wishes to inform the general public that it has taken regulatory steps following the introduction of new handling fees and other fees by the Bank of South Pacific Financial Group Limited, Solomon Islands Branch (BSPFGLSI).

10 Jul 2025

Solomon Islands
Banking in Solomon Islands a mountain to climb for many: Wale
Leader of Opposition Hon Matthew Wale has raised concerns that the process of applying for a bank account has become an obstacle for many Solomon Islanders.
16 Oct 2023
Environment
DBSI to be nominated as a GCF accredited entity
The Development Bank of Solomon Islands (DBSI) will be nominated as a Green Climate Fund (GCF) accredited entity (AE) with support from the Secretariat of the Pacific Regional Environment Programme (SPREP) – GCF Solomon Islands Readiness Project.
11 May 2022
People
Central Bank of Solomon Islands (CBSI) signs MoU with Telecommunication of Solomon Islands (TCSI)
The Central Bank of Solomon Islands (CBSI) and the Telecommunication Commission of Solomon Islands (TCSI) signed a Memorandum of Understanding (MoU) on Thursday 17th February, 2022.
22 Feb 2022
Breaking News
Please respect critical infrastructures: CBSI Governor Forau
The Central Bank of Solomon Islands (CBSI) is calling on the general public to respect all banks and other financial institutions’ properties in Honiara.
30 Nov 2021
Bankruptcy
CBSI estimates $227 million minimum loss to the local economy due to the unrest on the 24th – 26th of November 2021
The Central Bank of Solomon Islands (CBSI) has conducted an initial impact assessment overthe damage to the economy caused by the recent unrest and riots in Honiara since Wednesday.
27 Nov 2021
Breaking News
Bred Bank offers loan relief package to customers
BRED bank has offered a relief package to its personal loan to customers as of yesterday in the face of the coronavirus threats. The package include a deferment of loan repayment of principals and interest for a period of six months. It says during this period.
3 Apr 2020
ADB
ADB approves five million dollar policy-based grant
The Asian Development Bank, ADB, has approved a five million dollar policy-based grant to support the efforts of the Solomon Islands Government to implement policy and institutional reforms to progressively improve fiscal sustainability, business climate, public financial management and service…
28 Nov 2018
CBSI
CBSI warn of fake bank notes
The Central Bank of Solomon Islands has flagged the augment of counterfeit bank notes closer to the festive season. CBSI’s Currency and Banking Operations Department warned, fake bank notes were usually circulated around Christmas season when business is at its peak.
19 Nov 2018
CBSI
New $5 banknote to be introduced next year
The Central Bank of Solomon Islands will introduce a new five dollar note, part of its ongoing reforms on security and design specifications. CBSI Governor Denton Rarawa had announced,the notes would be introduced in the first quarter of 2019, and will be made of polymer substrate, aimed at…
17 Jul 2018
CBSI
Solomon Islanders urged to take ownership of currency
Solomon Islanders are advised to take ownership of the country’s currency especially the handling of notes and coins. Chief Manager for Currency and Banking Operations at the Central Bank of Solomon Islands, Daniel Haridi reiterated.
12 Jul 2018
Currency
New $40 banknote launched
The Central Bank of Solomon Islands has launched the $40 note and new $2 coin today in Honiara. This is part of the CBSI’s contribution to to mark the country’s 40th Independence Anniversary.
5 Jul 2018
Anniversaries
New $40 note to be introduced before independence anniversary.
The date for the launching and unveiling of the new forty-dollar note will be made known soon. The Manager Currency and Banking within the Central Bank of Solomon Islands, Mr Joe Vasuni confirmed today. Mr Vasuni said the date was not yet fixed but plans were in placed to conduct the launch and the
26 Jun 2018
CBSI
New $40 note and $2 coin to Commemorate the country’s 40th independence anniversary
The Central Bank of Solomon Islands is preparing to launch a new forty dollar note and a colored two dollar coin to commemorate the country’s 40th independence anniversary. CBSI Governor Denton Rarawa announced during the recent launching of the 2017 CBSI annual report in Honiara.
15 May 2018
CBSI
Economy predicted to grow by 3.4% this year.
The Central Bank of Solomon Islands is predicting a 3.4 % growth in the Country’s Economy this year. The increase is expected from fishing, construction, tourism, and Agricultural sectors.
11 May 2018
Currency
New $10 note to be introduced this week
The Central Bank of Solomon Islands will launch a new $10 legal tender banknote this week. The central bank’s Public Relations and Communications Officer Uriel Matanani said the governor of the bank and the permanent secretary of the Ministry of Finance and Treasury will officiate the launch at 9…
27 Nov 2017
CBSI
KUMA LAUNCHED NEW $20 NOTE
Permanent Secretary of the Ministry of Finance and Treasury Mr Harry Kuma has successfully launched the new $20.00 note. Speaking during a brief launching ceremony, Mr Kuma said he is very pleased to officially launch the new $20.00 note on behalf of the government of Solomon Islands.
21 Jan 2017
CBSI
NEW NOTES TO COUNTER FAKE NOTES: CBSI
The introduction of new banknotes into the country’s money system is part of efforts by the Central Bank of Solomon Islands to counter fake notes entering our money system. Public Relations and Communication officer of the Central Bank, Uriel Matanani told SIBC News.
21 Jan 2017
CBSI
KNOW YOUR BANK NOTES: CBSI
The Central Bank of Solomon Islands has called on the general public to be familiar with the current $20.00 banknote in preparation for the launching of the new $20.00 bill due for circulation starting next Friday.
13 Jan 2017
CBSI
NEW $20 NOTE INTRODUCED SOON
The Central Bank of Solomon Islands (CBSI) will soon introduce a new $20.00 note into circulation. This was confirmed by CBSI Public Relations and Communication Officer Uriel Matanani.
11 Jan 2017