Time Period: 1910-1937
Currency: Solomon Islands Pound
- Transition
- -
- Sub-units
- Pound / 20 Shillings / 12 Pence
- ISO4217
- none (informal: SBP)
Timeline
- 08.11.1910
- Regulation [Currency, No. 4] on legal tender status of British coins; effective immediately
- 14.09.1916
- Regulation [Currency Notes, No. 10] on the issuance of paper money of 5, 1 Pounds, 10, 5 Shillings by the government (unclear if also on the establishment of a currency commission); effective immediately
- First issue dated 18.12.1916, further issues dated 27.07.1921, 02.01.1926, 30.06.1932 (not released).
- 25.03.1937
- Ordinance [Currency, No. 2] on the adoption of the Australian currency (possibly the demonetization of the 1916 government notes); effective 25.09.1937 (by Order in Council [British Solomon Islands Protectorate and Gilbert and Ellice Islands Colony (Currency), No. 627] of 01.07.1937].
- Amended by ordinance [Currency (Amendment), No. 1] of ??.??.1938.
Valuation Regimes
- 1910-1937
- Fixed rate against British Pound
Rate Arrangements
- 08.11.1910
- Fixed
- British Pound at 1 : 1
Time Period: 1937-1977
Timeline
- 1942-1945
- Japanese occupation of the Solomon Islands:
- Issuance of Japanese Military Yen for the Pacific Islands ("Oceania") denominated in "Shilling" at a rate of 1 Military Yen = 1 Australian Shilling, which corresponded to a devaluation by -27.2%.
- After liberation, the Australian currency was restored, the Japanese occupation currency was not redeemed (?).
- ??.??.1965
- Ordinance [Currency (Amendment), No. 15] on the adoption of the Australian decimalization; effective 14.02.1966
Time Period: 1977-
Currency: Solomon Islands Dollar
- Transition
- 1 : 1 Australian Dollar
- Sub-units
- Dollar / 100 Cent
- ISO4217
- SBD
Timeline
- 27.02.1976
- Law [Monetary Authority Act, No. 4] on the establishment of the Solomon Islands Monetary Authority and creation of a national currency; effective upon constitution of the authority on 01.06.1976
- 24.10.1977
- Start of currency exchange:
- 24.10.1977: Start of issuance of the new banknotes and coins
- 30.10.1978: Demonetization of the Australian currency.
- 27.02.1976
- Law [Monetary Authority (Amendment) Act, No. 19] on the (provisional) transformation of the Solomon Islands Monetary Authority into the Central Bank of the Solomon Islands; effective upon constitution of the bank on 23.01.1983
- 18.12.2012: Law [Central Bank Act, No. 6] on the (definitive) establishment of the central bank; effective 01.01.2013.
Valuation Regimes
- 1977-1979
- Fixed rate against Australian Dollar
- 1979-
- Variable rate
Rate Arrangements
- 24.10.1977
- Fixed
- Australian Dollar at 1 : 1
- ±0.0%
- 18.05.1979
- Fixed
- Australian Dollar at 1.05 : 1
- +5.0%
- 18.05.1979
- Variable
- initially: Australian Dollar at 1.05 : 1
- ±0.0%
End-year Forex Rates (Units per US Dollar)
- Year
- Code
- Ratio
- Rate
- Delta
- Comment
- 1977
- SBD
- 1
- 0.88
- ±0.0%
- fixed against AUD
- 1978
- SBD
- 1
- 0.87
- +0.8%
- fixed against AUD
- 1979
- SBD
- 1
- 0.86
- +0.9%
- 1980
- SBD
- 1
- 0.80
- +7.6%
- 1981
- SBD
- 1
- 0.89
- -10.2%
- 1982
- SBD
- 1
- 1.05
- -14.6%
- 1983
- SBD
- 1
- 1.23
- -14.7%
- 1984
- SBD
- 1
- 1.35
- -9.3%
- 1985
- SBD
- 1
- 1.61
- -16.2%
- 1986
- SBD
- 1
- 1.98
- -18.5%
- 1987
- SBD
- 1
- 1.96
- +1.1%
- 1988
- SBD
- 1
- 2.11
- -7.2%
- 1989
- SBD
- 1
- 2.42
- -12.6%
- 1990
- SBD
- 1
- 2.61
- -7.5%
- 1991
- SBD
- 1
- 2.79
- -6.6%
- 1992
- SBD
- 1
- 3.10
- -9.9%
- 1993
- SBD
- 1
- 3.25
- -4.5%
- 1994
- SBD
- 1
- 3.33
- -2.4%
- 1995
- SBD
- 1
- 3.48
- -4.5%
- 1996
- SBD
- 1
- 3.62
- -3.8%
- 1997
- SBD
- 1
- 4.75
- -23.7%
- 1998
- SBD
- 1
- 4.86
- -2.3%
- 1999
- SBD
- 1
- 5.08
- -4.3%
- 2000
- SBD
- 1
- 5.10
- -0.5%
- 2001
- SBD
- 1
- 5.56
- -8.4%
- 2002
- SBD
- 1
- 7.46
- -25.4%
- 2003
- SBD
- 1
- 7.49
- -0.4%
- 2004
- SBD
- 1
- 7.51
- -0.2%
- 2005
- SBD
- 1
- 7.52
- -0.2%
- 2006
- SBD
- 1
- 7.63
- -1.5%
- 2007
- SBD
- 1
- 7.66
- -0.4%
- 2008
- SBD
- 1
- 8.01
- -4.4%
- 2009
- SBD
- 1
- 8.06
- -0.6%
- 2010
- SBD
- 1
- 8.06
- ±0.0%
- 2011
- SBD
- 1
- 7.36
- +9.6%
- 2012
- SBD
- 1
- 7.34
- +0.2%
- 2013
- SBD
- 1
- 7.36
- -0.2%
- 2014
- SBD
- 1
- 7.64
- -3.6%
- 2015
- SBD
- 1
- 8.06
- -5.3%
- 2016
- SBD
- 1
- 8.09
- -0.3%
- 2017
- SBD
- 1
- 7.82
- +3.5%
- 2018
- SBD
- 1
- 8.13
- -3.8%
- 2019
- SBD
- 1
- 8.20
- -0.8%
- 2020
- SBD
- 1
- 8.04
- +2.0%
- 2021
- SBD
- 1
- 8.10
- -0.7%
- 2022
- SBD
- 1
- 8.13
- -0.4%
- 2023
- SBD
- 1
- 8.13
- ±0.0%
- 2024
- SBD
- 1
- 8.50
- -0.5%