Time Period: 1910-1937

Currency: Solomon Islands Pound


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


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)