Central Bank of Solomon Islands explained

Ownership:	100% state ownership^[1]
Headquarters:	Honiara
Established:	1983^[2]
President:	Luke Forau
Leader Title:	Governor
Bank Of:	Solomon Islands
Currency:	Solomon Islands dollar
Currency Iso:	SBD
Reserves:	480 million USD
Preceded:	Solomon Islands Monetary Authority

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, which converted the Solomon Island Monetary Authority (SIMA) into a central bank. The current governor is Dr. Luke Forau.^[3]

Functions

Its official functions, under the CBSI Act of 2012, Section 9 include determining monetary policy, managing exchange rates, managing internal reserves, issuing currency, engaging in international relations relating to monetary policy, and regulating financial institutions. ^{[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

• John G. FG. Palfrey, 1976-1978^[7]
• Barry A. Longmuir, 1978-1980^[7]
• Philip Coney, 1980-1981^{[8] [9]}
• Anthony V. Hughes, 1981-1993^{[10] [11] [12]}
• Rick Houenipwela, 1993-2008^{[13] [12]}
• Denton Rarawa, 2008-2019^[14]
• Luke Forau, 2019-

See also

• Economy of the Solomon Islands
• Solomon Islands dollar
• List of central banks

External links

• Official site: Central Bank of Solomon Islands

Notes and References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. Web site: CBSI History | Central Bank of Solomon Islands. 11 April 2024.
3. Web site: Speech: Joint ANZ/PFIP Coconut Value Chain Partnership, Launching - Central Bank of Solomon Islands. 2016-08-15. en-US. 2016-09-22.
4. http://www.cbsi.com.sb/index.php?id=15 "About the Bank"
5. Web site: Home. Central Bank of Solomon Islands.
6. Web site: AFI members . AFI Global . 2011-10-10 . 2012-02-23 . dead . https://web.archive.org/web/20120220141606/http://www.afi-global.org/about-afi/members . 2012-02-20 .
7. Web site: ISLANDS MONETARY AUTHORITY - PDF Free Download. docplayer.net.
8. https://evols.library.manoa.hawaii.edu/bitstream/10524/62930/Solomon%20Islands%20Monetary%20Authority%20Annual%20Report%201980.pdf Annual report
9. http://evols.library.manoa.hawaii.edu/bitstream/10524/62930/Solomon%20Islands%20Monetary%20Authority%20Annual%20Report%201981.pdf Annual report
10. Book: Ross, Ken. Regional security in the South Pacific: the quarter-century 1970-95. May 11, 1993. Strategic and Defence Studies Centre, Research School of Pacific Studies, Australian National University. 9780731515974. Google Books.
11. Book: Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991.. HathiTrust. 2003.
12. Book: Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. 1993Jan-Apr,Aug,Dec 1993.. HathiTrust. 2003. 2027/osu.32435083449165.
13. Web site: Central Bank of Solomon Islands: Governor. June 9, 2007. https://web.archive.org/web/20070609103735/http://www.cbsi.com.sb/index.php?id=26. 2007-06-09.
14. Web site: Denton Rarawa . October 23, 2017. https://web.archive.org/web/20171023002920/http://www.cbsi.com.sb/wp-content/uploads/2016/05/D-Rarawa-Biodata.pdf. 2017-10-23.