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

Samoa banking system remains sound in the face of the global crises

The March 2023 banking crises in the United States of America that have seen the collapse of two of its major regional banks and lenders with ties to the technological start-up industry (the Silicon Valley Bank and the Signature Bank) as well as the winding down of operations of crypto-focused Silvergate Bank have no direct impact on Samoa’s banking system to date. Similarly, the four licensed commercial banks (2 local banks and 2 foreign subsidiary banks) in Samoa have no direct banking relationships with the failed Credit Suisse Bank in Switzerland.

USE OF CBS LOGO

It has come to the attention of the Central Bank of Samoa (CBS) that there is an app game on the social media site Facebook that is using our logo (refer to screenshots).

EXPLANATORY MEMORANDUM FATF List

The Financial Action Task Force (FATF) list of High Risk and Non-Cooperative Jurisdictions

Key Statistics

March 2023

Official Interest Rate 0.23%
Commercial Banks Lending rates 8.32%
Commercial Banks Deposit rates 1.82%
Headline Inflation Rate 11.5%
Official International Reserves SAT$947.9M
Import Cover (Good only) 9.5months

Real GDP
2017/18 SAT$2,097M (-6.0%)
2018/19 SAT$2,191M (+4.5%)
2019/20SAT$2,123M (-3.1%)
2020/21 SAT$1,972M (-7.1%)
2021/22 SAT$1,853M (-6.0%)

Nominal GDP

2017/18 SAT$2,254M (+0.5%)
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%)

Nominal GDP Per Capita
2017/18 SAT$11,162per person
2018/19 SAT$11,947per person
2019/20 SAT$11,625 per person
2020/21 SAT$10,670 per person
2021/22 SAT$10,583 per person

Daily Exchange Rates

Wednesday, 31 May 2023

Midrate:
SAT/USD - 0.36196 Per SAT $1

Comm Banks Outer Limit T/T per SAT$1
SAT/USD:
Sell - 0.35346 Buy - 0.37046

March 2023

Official Interest Rate 0.23%
Commercial Banks Lending rates 8.32%
Commercial Banks Deposit rates 1.82%
Headline Inflation Rate 11.5%
Official International Reserves SAT$947.9M
Import Cover (Good only) 9.5months

Real GDP
2017/18 SAT$2,097M (-6.0%)
2018/19 SAT$2,191M (+4.5%)
2019/20SAT$2,123M (-3.1%)
2020/21 SAT$1,972M (-7.1%)
2021/22 SAT$1,853M (-6.0%)

Nominal GDP

2017/18 SAT$2,254M (+0.5%)
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%)

Nominal GDP Per Capita
2017/18 SAT$11,162per person
2018/19 SAT$11,947per person
2019/20 SAT$11,625 per person
2020/21 SAT$10,670 per person
2021/22 SAT$10,583 per person