Fake currency warning

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Central Bank of Solomon Islands. Photo by CBSI
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MEMBERS of the public have been warned of a “fake new” currency called Sol York, which is currently being promoted by its promoters.

Central Bank of Solomon Islands (CBSI) issued the warning yesterday.

“CBSI advises that there is no such currency in existence in the Solomon Islands save the Solomon Islands Dollar,” a statement CBSI issued yesterday said.

“CBSI categorically denies any involvement or participation in the new currency scheme and strongly advises the general public, including the promoters, to refrain from spreading false information and rumors about the new currency scheme,” the statement added.

“The only legal currency of Solomon Islands is the Solomon Islands Dollar (SBD) and CBSI has the sole authority by law, to issue currency which shall be legal tender in Solomon Islands as specified under the CBSI Act 2012.

“Any agency, corporate body or individual that attempts to produce, or issue currency apart from the Solomon Islands Dollar (SBD) is committing an offence under the CBSI Act 2012.

“It is advisable that any person who has fallen victim or has reliable information about the scheme, to come forward to report and launch a formal complaint with the Police, for investigation and prosecution.

“CBSI will continue to warn the public to be vigilant on where to invest their money, and to ensure that the legitimate currency of Solomon Islands is protected.”


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