DEFINITION of 'SBD (Solomon Islands Dollar)'
The currency abbreviation for the Solomon Islands dollar (SBD), the currency for the Solomon Islands. The Solomon Islands dollar is made up of 100 cents and is often presented with the symbol $ or SI$ to set it apart from other dollar-based currencies.
BREAKING DOWN 'SBD (Solomon Islands Dollar)'
The Solomon Islands dollar replaced the Australian dollar (AUD) at a rate of 1:1 in 1977, and was pegged at SI$1.05 to AU$1 for five months before being allowed to float freely. However, inflation has moved the value of the Solomon Islands dollar away from the Australian dollar.