Solomon Islands launches CBDC pilot with Soramitsu

Prime minister says launching a CBDC could promote financial inclusion in the island nation and reduce transaction costs


The Central Bank of Solomon Islands (CBSI) has launched a proof-of-concept for a central bank digital currency (CBDC) called Bokolo Cash, with the support of Japanese fintech firm Soramitsu and the Japanese government.

The CBSI started experimenting with Bokolo Cash on November 1, the central bank announced on November 28. The proof-of-concept involves testing Bokolo Cash for both foreign and overseas payments, according to Soramitsu.

Participating individuals and businesses can use Bokolo Cash

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account