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 Press Release on Progressive Insurance Matter - Call for all claims

To ALL Former Policy Holders – Progressive Insurance:

CANCELLATION OF INSURANCE LICENSE BY THE CENTRAL BANK ROLE OF THE CENTRAL BANK

1. It has been brought to our attention that many are unclear as to the role of the Central Bank with regards to the voluntary liquidation as filed by the Progressive Insurance. By way of background, liquidation is the process, formerly known as winding up, by which the business activities of a company are brought to an end. This happens when a company can no longer pay its debts, liabilities or operate its business. Voluntary liquidation is when the actual company files for liquidation, as opposed to a Court order or other factors.

CBS to maintain loosening monetary policy stance for FY 2021/22

Monday, 5th September 2021: The Central Bank Board of Directors approved the continuation of its easing monetary policy stance for another year (FY2020/21) at its meeting on the 3rd September 2021.

Key Statistics

August 2021

Official Interest Rate 0.15%
Commercial Banks Lending rates 8.48%
Commercial Banks Deposit rates 1.94%
Headline Inflation Rate -1.7%
Official International Resv SAT$781.6M
Import Cover (Good only) 11.5 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$1,864M (-2.6%)
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%)

2019/20 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$10,798 per person
2019/20 SAT$9,968 per person

Daily Exchange Rates

Tuesday 19 October 2021

Midrate:
SAT/USD - 0.39053 Per SAT$1

Comm Banks Outer Limit T/T per SAT$1
SAT/USD:
Sell - 0.39903 Buy - 0.38203