Central Bank of Solomon Islands


The CBSI maintains a peg for the SBD against a bascket of currencies – 

The number of currencies that are to be included in the basket will be determine from time to time by the Central Bank based on the country’s trading pattern. The currencies constitute the US dollar, pound sterling, Japanese yen and the Australian dollar.

The CBSI is focused on financial inclusion and this has been announced. 

Internet penetration is 22 percent, mobile connections are 71 percent.

Before CBDCs are used in the SIs then more digitization is needed.

 

 

By cryptorocks_editor

Editor.