Central Bank of Solomon Islands
From Wikipedia, the free encyclopedia
The Central Bank of Solomon Islands is the central bank of 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]
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 Central Bank and Central Police Station | |
| Central bank of | Solomon Islands |
|---|---|
| Headquarters | Honiara |
| Coordinates | 9°25′51″S 159°57′19″E |
| Established | 1983[1] |
| Ownership | 100% state ownership[2] |
| Governor | Luke Forau |
| Currency | Solomon Islands dollar SBD (ISO 4217) |
| Reserves | 480 million USD[2] |
| Preceded by | Solomon Islands Monetary Authority |
| Website | www |
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]