22 Aug 2005

Solomons Central Bank urges coin usage

3:56 pm on 22 August 2005

The Solomon Island Central Bank has appealed to the public to start using coins more to help address a shortage within the banking system.

The Bank says there are nearly one million US dollars worth of coins in the economy but people are not using them.

The Bank's Deputy Governor, Denton Rarawa says he had noticed a shortage over the last 12 months but the situation has become worse.

"When people go to the shops and buy goods, they are not able to get change in coins, so what trade store owners often do is give change in small items like lollies or biscuits."

Mr Rarawa says a new consignment of coins is due in the country in October which he hopes will last five years.