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Solomon Islands

Solomon Islands Dollar

SBD

Official currency of Solomon Islands

SI$ Symbol
CBSI

About the Solomon Islands Dollar

The Solomon Islands Dollar was introduced in 1977, replacing the Australian Dollar as the Solomon Islands prepared for independence.

The name 'Dollar' was adopted from the Australian Dollar, reflecting historical ties.

Interesting Facts

A Young Currency

The Solomon Islands Dollar is a relatively young currency, introduced just before the nation gained independence from the United Kingdom.

Natural Resources and Tourism

The economy, and the value of the SBD, is heavily reliant on logging, fishing, and gold mining, as well as a growing tourism sector.

Diverse Culture and Wildlife

Banknotes celebrate the rich cultural heritage and unique biodiversity of the Solomon Islands, featuring traditional artifacts and native birds.

Historical Timeline

1978

Solomon Islands gains independence.

1977

The Solomon Islands Dollar is introduced.

Denominations

Banknotes

SI$5 Green
SI$10 Blue
SI$20 Brown
SI$50 Green
SI$100 Red

Coins

10 cents
20 cents
50 cents
1 dollar
2 dollars

Security Features

Watermark Security thread See-through feature Intaglio printing

Quick Facts

ISO Code
SBD
Symbol
SI$
Numeric Code
090
Subunit
Cent (1/100)
Introduced
1977-10-24

Central Bank

Name
Central Bank of Solomon Islands
Headquarters
Honiara, Solomon Islands
Founded
1983
Current Governor
Luke Forau (since 2019)
Visit Website

Economic Data

Reserve Currency Share
0.0%
Forex Volume Share
0.0%
Inflation Rate
3.1%
Interest Rate
1.50%

What Affects the SBD Exchange Rate?

Commodity prices (timber, fish, gold)
Foreign aid and development assistance (especially from Australia, China)
Tourism revenue
Political stability
Monetary policy of the CBSI

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