Regulatory Alerts2012-12-14
Central Bank of Solomon Islands Act 2012
The National Parliament of Solomon Islands enacted this Act to establish the Central Bank of Solomon Islands as an autonomous body corporate with primary objectives of maintaining domestic price stability and a stable financial system. The legislation grants the Central Bank comprehensive powers to conduct monetary policy, manage international reserves, regulate the payment system, and supervise financial institutions. It further defines the Bank's governance structure, financial provisions, and exclusive authority over currency issuance while repealing the previous Central Bank legislation.
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