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The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, issued by the Central Bank of Solomon Islands. It was introduced in 1977, replacing the Australian Dollar (AUD) after gaining independence. The SBD is a free-floating currency, but its value is closely linked to commodity exports, particularly timber and fisheries. The currency is subdivided into 100 cents, with banknotes ranging from $5 to $100 and coins from 10 cents to $2. The economy of the Solomon Islands is heavily reliant on agriculture, forestry, and aid from international partners, affecting the stability of the SBD.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.