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

CENTRAL BANK OF SAMOA'S ACCOMMODATIVE MONETARY POLICY STANCE REMAINS UNCHANGED FOR FY2022/2023

At its Meeting on the 1st of July 2022, the Central Bank Board approved the continuation of its accommodative monetary policy stance in the financial year 2022/23.

PUBLIC NOTICE

In accordance with the Government’s State of Emergency Order 65 and the declaration of COVID-19 Alert Level 2 for the country, the general public is hereby advised that effective from Monday, 31st January 2022 to Friday, 11th February 2022, the following shall apply:

MONETARY POLICY STATEMENT FOR THE FINANCIAL YEAR 2021/2022

The ultimate goal of Monetary Policy Statements (MPS) is to effectively communicate the Central Bank of Samoa’s (CBS) monetary policy stance in a transparent and accountable manner to improve public awareness. The main objectives of the monetary policy and its corresponding targets are set out in its main legislation, the CBS Act 2015. This Statement is also aligned with the Central Bank of Samoa’s Corporate Plan (CBSCP) and the latest Government’s Strategy for the Development of Samoa. The primary aim of the Central Bank’s monetary policy is to achieve and maintain price stability as well as fostering and maintaining a stable financial system in order to achieve a sustainable real economic growth and a comfortable level of international reserves. Monetary policy decisions are conducted through open market operations (OMO) through the issuance and trading of CBS Securities (CBSS) to achieve these objectives.

Key Statistics

June 2022

Official Interest Rate 0.15%
Commercial Banks Lending rates 8.29
Commercial Banks Deposit rates 1.82%
Headline Inflation Rate 8.7%
Official International Reserves SAT$812.7M
Import Cover (Good only) 10.9 months

Real GDP
2016/17 SAT$2,019M (+1.0%)
2017/18 SAT$1,994M (-1.2%)
2018/19 SAT$2,082M (+4.4%)
2019/20 SAT$2,028M (-2.6%)
2020/21 SAT$1,864M (-8.1%)

Nominal GDP

2016/17 SAT$2,110M (+1.0%)
2017/18 SAT$2,108M (- 0.1%)
2018/19 SAT$2,231M (+5.8%)
2019/20 SAT$2,177M (- 2.4%)
2020/21 SAT$2,027M (-6.9%)

Nominal GDP Per Capita
2016/17 SAT$10,721 per person
2017/18 SAT$10,623 per person
2018/19 SAT$11,150 per person
2019/20 SAT$10,798 per person
2020/21 SAT$9,968 per person

Daily Exchange Rates

Tuesday, 09 Aug 2022

Midrate:
SAT/USD - 0.37099 Per SAT$1

Comm Banks Outer Limit T/T per SAT$1
SAT/USD:
Sell - 0.36249 Buy - 0.37949