Cayman Islands dollar
From Freepedia
The Cayman dollar or Cayman Islands dollar is the currency of the Cayman Islands. It is issued by the Cayman Islands Monetary Authority (CIMA) as established by law in January 1997. CIMA replaced the previous Cayman Islands Currency Board which was formed in 1971. The Cayman dollar was first circulated in May 1972.
Prior to May 1972, currency in the Cayman Islands had traditionally been supplied by Jamaica, and after its independence in 1962 the Jamaican pound, and later the Jamaican dollar in 1968, continued, until May 1 1972, to be the only legal tender in the islands. The Jamaican dollar and new Cayman Islands dollar were then both legal tender until August 31 1972, when the Jamaican dollar ceased to be legal tender.
The ISO 4217 code for the currency is KYD.
The Cayman Islands dollar has a fixed exchange rate of 1 Cayman dollar to 1.227 US dollar, by arrangement with the World Bank. However, it is typically traded at USD 1.25 in retail outlets around the islands.
Current banknotes and coins
Each Cayman Islands dollar is composed of 100 cents.
The current banknotes and coins in circulation are:
- 1 cent
- 5 cent
- 10 cent
- 25 cent
- $1
- $5
- $10
- $25
- $40 (introduced in 1981)
- $50 (introduced in 1985)
- $100 (introduced in 1981)
External links
- The Cayman Islands Money Authority gives more information about currency in the Cayman Islands, including its history, and current designs of banknotes and coins
- Current exchange rates
| Currencies of The Americas | |
|---|---|
| North | Bermuda dollar | Canadian dollar | Danish krone (Greenland) | Euro (Saint-Pierre et Miquelon) | Mexican peso | US dollar |
| Central | Belize dollar | Costa Rican colón | Guatemalan quetzal | Honduran lempira | Nicaraguan córdoba | Panamanian balboa | US dollar (El Salvador) |
| Caribbean | Aruban florin | Bahamian dollar | Barbadian dollar | Cayman dollar | Cuban peso | Cuban convertible peso | Dominican peso | East Caribbean dollar | Euro (Guadeloupe, Martinique) | Haitian gourde | Jamaican dollar | Netherlands Antilles florin | Trinidad and Tobago dollar |
| South | Argentine peso | Bolivian boliviano | Brazilian real | Chilean peso | Colombian peso | Euro (French Guiana) | Falkland pound | Guyanese dollar | Paraguayan guaraní | Peruvian nuevo sol | Suriname dollar | US dollar (Ecuador) | Uruguayan peso | Venezuelan bolívar
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