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

MONETARY POLICY STANCE FOR FY2024/2025

At its meeting on the 28th of June 2024, the Central Bank of Samoa (CBS) Board of Directors approved the continuation of the Central Bank’s monetary policy for FY2024/2025 to bring down the elevated level of excess liquidity in the financial system. In addition, the CBS will also maintain its efforts to normalise or adjust upwards its official interest rate.

GROUNDBREAKING CEREMONY OF NEW CENTRAL BANK OF SAMOA OFFSITE BUILDING

26th April 2024

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.

Key Statistics

May 2024

Official Interest Rate 0.38%
Commercial Banks Lending rates 8.46%
Commercial Banks Deposit rates 1.67%
Headline Inflation Rate 4.4%
Official International Reserves SAT$1,338.3M
Import Cover (Good only) 13.2months

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

Tuesday 16 July 2024

Midrate:
SAT/USD - 0.36537 per SAT $1
Commercial Banks Outer Limit T/T per SAT$1
SAT/USD:
Sell - 0.35687 Buy - 0.37387