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Central Bank of Solomon Islands

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Field	Value
image	Central Police Station and Central Bank Honiara.jpg
caption	Central Bank and Central Police Station
logo	Central Bank of Solomon Islands logo.svg
ownership	100% state ownership
headquarters	Honiara
established	1983
president	Luke Forau
leader_title	Governor
bank_of	Solomon Islands
currency	Solomon Islands dollar
currency_iso	SBD
reserves	480 million USD
website
preceded	Solomon Islands Monetary Authority
coordinates

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.

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.

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

Governors

John G. FG. Palfrey, 1976-1978
Barry A. Longmuir, 1978-1980
Philip Coney, 1980-1981
Anthony V. Hughes, 1981-1993
Rick Houenipwela, 1993-2008
Denton Rarawa, 2008-2019
Luke Forau, 2019-

References

(2017). "The Organisation and Structure of Central Banks".
"CBSI History | Central Bank of Solomon Islands".
(2016-08-15). "Speech: Joint ANZ/PFIP Coconut Value Chain Partnership, Launching - Central Bank of Solomon Islands".
[http://www.cbsi.com.sb/index.php?id=15 "About the Bank"], Central Bank of Solomon Islands
"Home".
(2011-10-10). "AFI members". AFI Global.
"ISLANDS MONETARY AUTHORITY - PDF Free Download".
[https://evols.library.manoa.hawaii.edu/bitstream/10524/62930/Solomon%20Islands%20Monetary%20Authority%20Annual%20Report%201980.pdf Annual report] hawaii.edu {{dead link. (April 2024)
[http://evols.library.manoa.hawaii.edu/bitstream/10524/62930/Solomon%20Islands%20Monetary%20Authority%20Annual%20Report%201981.pdf Annual report] hawaii.edu {{dead link. (April 2024)
Ross, Ken. (May 11, 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.
(2003). "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991.".
(2003). "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. 1993 Jan-Apr, Aug, Dec 1993.".
(June 9, 2007). "Central Bank of Solomon Islands: Governor".
(October 23, 2017). "Denton Rarawa".

Info: Wikipedia Source

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