The Native Iowan

MORE than $1.1million in old hard cash had been removed from Central Bank of Solomon Islands (CBSI) over the weekend.

This was revealed by the board and management of Central Bank yesterday in a statement.

“The Central Bank of Solomon Islands would like to inform the public that there was a security breach on Sunday 13th November, 2011.”

It was revealed that a security officer assisted by accomplices removed soiled (old, defaced, torn) currency notes that were prepared and set aside for destruction.

“The amount of soiled notes removed totaled $1,157,550.00, all in fifty dollar notes,” the bank said yesterday.

This incident was reported immediately to the Police.

The Bank’s security cameras captured and recorded clearly the incident live on video footage.

The footage of the incident are now with the Police to assist them with their investigation.

The CBSI Board and Management have taken this incident very seriously and additional stringent security measures and procedures have been imposed.

The Bank assures the public that all services are continuing as normal.