News in Brief

New $1 Coin for the Solomon Islands

The Central Bank of Solomon Islands (CBSI) has issued a new $1 coin into circulation featuring a new effigy on the obverse. The updated version retains the same dimensions as the previous issue, in addition to the Nguzu Nguzu motif on its reverse, but replaces the effigy of the late Queen Elizabeth II with that of King Charles III designed by Dan Thorne.

Produced by the Royal Australian Mint, the CBSI had previously unveiled the coin design in October 2024, with the new version officially entering circulation earlier this month. CBSI Governor Dr Luke Forau said that the coin ‘represents a historic milestone in the journey of Solomon Islands’ modern currency development and a continuation of our ongoing relationship between Great Britain and Solomon Islands and between CBSI and its supplier, the Royal Australian Mint’.