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LOCAL CURRENCY IN SOLOMON ISLANDS

Want to know the local currency in Solomon Islands? The currency used in Solomon Islands is called Dollar.

The Solomon Islands Dollar is issued and managed by the Central Bank of Solomon Islands. To find out the current currency exchange rates for Dollar to other major currencies of the world, click on foreign currency rates.

Solomon Islands Currency Information
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The currency used in Solomon Islands is called as the Dollar. This currency is denoted with the currency sign SI$ and the ISO 4217 Code for the Solomon Islands Dollar is SBD. The Dollar, is the official currency of the Solomon Islands . It is divided into 100 smaller units called cent.

The constitution of Solomon Islands provides that the Solomon Islands government shall have the power to print the Solomon Islands Dollar and cent coins to be used as a legal tender in Solomon Islands. The Solomon Islands Dollar bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The Solomon Islands Dollar bill uses the decimal system, consisting of 100 equal units.

The symbol SI$, usually written before the numerical amount, is used for the Solomon Islands Dollar.

Currently printed bank notes denominations are $2, $5, $10, $20, $50, $100 and the coins are minted in the denominations of 5, 10, 20, 50 cents, $1 1, 2 cents.

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The Effect of Balance of Trade and Investment on the Value of Solomon Islands Dollar
Financial analysts regularly cite the balance of trade and investment in Solomon Islands as the most important influence on the value of the Dollar. The difference between what the Solomon Islands exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dollar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dollar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Solomon Islands Dollar.
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