Welcome to the Central Bank of Samoa

The Central Bank of Samoa is the nation's reserve bank and, as such, it acts as a bank to the Government and the commercial banks.

What's New

CBS Monetary Policy Decision for FY2023/24

Monday, 8 April 2024: The Central Bank of Samoa Board of Directors, at its meeting on the 22nd March 2024, approved the continuation of the Central Bank’s monetary policy stance to reduce the high level of liquidity that exist in the financial system as well as continuing its efforts to normalise or adjust its official interest rate upwards without signalling a tightening of monetary policy.

SOUTH SEAS FINANCIAL SERVICES (“SSFS”)

In accordance with section 6(2)(p) of the Insurance Act 2007 (“the Act”), the Office of the Insurance Commissioner/Central Bank of Samoa (“the Bank”) wishes to advise the public that the above-named insurance broker company is permanently CLOSED. The Bank is now in the process of returning SSFS statutory deposit in pursuant to section 23(2) of the Act.

Central Bank of Samoa Announces Innovative New Polymer Banknotes

The Central Bank of Samoa (CBS) today announced that it is modernizing its existing $5, $10, and $20 Tālā banknotes by converting the banknotes from cotton-based paper to a polymer substrate - marking a significant development in the nation's currency system.

Key Statistics

January 2024

Official Interest Rate 0.24%
Commercial Banks Lending rates 8.44%
Commercial Banks Deposit rates 1.77%
Headline Inflation Rate 7.3%
Official International Reserves SAT$1,307.5M
Import Cover (Good only) 13.4months

Real GDP

2018/19 SAT$2,191M (+4.5%)
2019/20 SAT$2,123M (-3.1%)
2020/21 SAT$1,972M (-7.1%)
2021/22 SAT$1,868M (-5.3%)

2022/23 SAT$2,017M(+8.0%)

Nominal GDP

2018/19 SAT$2,390M (+6.0%)
2019/20 SAT$2,344M (- 1.9%)
2020/21 SAT$2,169M (- 7.5%)
2021/22 SAT$2,169M (- 0.2%)
2022/23 SAT$2,551M (+17.6%)

Nominal GDP Per Capita
2018/19 SAT$11,947per person
2019/20 SAT$11,625per person
2020/21 SAT$10,633 per person
2021/22 SAT$10,507 per person
2022/23 SAT$12,175 per person

Daily Exchange Rates

Friday 19 April 2024

Midrate:
SAT/USD - 0.35854 per SAT $1
Commercial Banks Outer Limit T/T per SAT$1
SAT/USD:
Sell - 0.35004 Buy - 0.36704