Central Bank of Solomon Islands

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Central Bank of Solomon Islands
Central Bank of Solomon Islands logo.svg
Headquarters Honiara
Coordinates 9°25′51″S159°57′19″E / 9.43083°S 159.95528°E / -9.43083; 159.95528
Established1983 [1]
Ownership100% state ownership [2]
GovernorLuke Forau
Central bank of Solomon Islands
Currency Solomon Islands dollar
SBD (ISO 4217)
Reserves480 million USD [2]
Preceded bySolomon Islands Monetary Authority
Website www.cbsi.com.sb
Central Bank and Central Police Station Central Police Station and Central Bank Honiara.jpg
Central Bank and Central Police Station

The Central Bank of Solomon Islands is the central bank of the Solomon Islands located in capital city of Honiara. The Bank was established in February 1983 under the Central Bank of Solomon Islands Act 1976. The current governor is Dr. Luke Forau. [3]

Contents

Functions

Its official functions, under the CBSI Act of 2012, Section 9, are: (a) to determine and implement monetary policy; (b) to contribute to determining the exchange rate regime under section 16; (c) to determine and implement exchange rate policy; (d) to hold and manage the international reserves; (e) to regulate the international exchange of money as further specified in this Act or any other law; (f) to issue, regulate and manage the currency of Solomon Islands (g) to collect and produce statistics; (h) to inform the Parliament, Government and the public about its policies, functions and operations as further specified in this Act; (i) to promote a safe, sound and efficient payment system; (j) to regulate, licence, register and supervise financial institutions as further specified in this Act or any other law (k) to act as banker, financial adviser and fiscal agent to the Government and to any other public bodies and organisations of Solomon Islands; (l) to cooperate with and participate in international bodies and organisations concerning matters that are within its fields of competence; and (m) to ensure that financial institutions establish within their organization consumer complaints units; (n) to promote financial inclusion and related activities; and (o) to carry out any ancillary activities incidental to carrying out its functions under this Act or any other law.;;" [4] [5]

The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. [6]

Governors

See also

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References

  1. ↑ "CBSI History | Central Bank of Solomon Islands" . Retrieved 11 April 2024.
  2. 1 2 Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  3. ↑ "Speech: Joint ANZ/PFIP Coconut Value Chain Partnership, Launching - Central Bank of Solomon Islands". 15 August 2016. Retrieved 22 September 2016.
  4. ↑ "About the Bank", Central Bank of Solomon Islands
  5. ↑ "Home". Central Bank of Solomon Islands.
  6. ↑ "AFI members". AFI Global. 10 October 2011. Archived from the original on 20 February 2012. Retrieved 23 February 2012.
  7. 1 2 "ISLANDS MONETARY AUTHORITY - PDF Free Download". docplayer.net.
  8. ↑ Annual report hawaii.edu [ dead link ]
  9. ↑ Annual report hawaii.edu [ dead link ]
  10. ↑ Ross, Ken (11 May 1993). Regional security in the South Pacific: the quarter-century 1970-95. Strategic and Defence Studies Centre, Research School of Pacific Studies, Australian National University. ISBN   9780731515974 – via Google Books.
  11. ↑ Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991. 2003 – via HathiTrust.
  12. 1 2 Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. 1993Jan-Apr,Aug,Dec 1993. 2003. hdl:2027/osu.32435083449165 – via HathiTrust.
  13. ↑ "Central Bank of Solomon Islands: Governor". 9 June 2007. Archived from the original on 9 June 2007.
  14. ↑ "Denton Rarawa" (PDF). 23 October 2017. Archived from the original (PDF) on 23 October 2017.
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