CAYMAN IALANDS

(KYD) Currency News >>

CURRENCY:

Cayman Islands Dollar - KYD, Symbol CI$

Please note this currency is tied to the US Dollar at a fixed rate of CI$1 = US$1.25

DENOMINATIONS:

NOTE: CI$100, 50, 25, 10, 5 and 1.

COIN: 25, 10, 5 and 1 cents.

US DOLLAR ACCEPTED?

Yes, widely

CREDIT/DEBIT CARDS AND ATMS:

All major credit cards accepted. ATMs are widely available.

CURRENCY EXCHANGE:

Currency exchange is fairly easy in the Cayman Islands - the best currency to exchange is the US Dollar.

TRAVELLER'S CHEQUES:

Best in US Dollars, these are easily exchanged.

BANKING HOURS:

Mon-Thurs 0900-1600 Fri 0900-1630. There are some banks open on saturday mornings.

CURRENCY RESTRICTIONS:

There are no restrictions on import and export of local currency. There are no restrictions on import and export of foreign currency except for the Jamaican Dollar - only JAD20 per person to import.

COUNTRY OVERVIEW:

The Cayman Islands are situated in the western Caribbean Sea - there are three islands which make up the Cayman Islands. The capital is George Town, and the official language is English. The Cayman Islands shares the same monarch with the United Kingdom - it is a British Overseas Territory.

POPULATION:

Around 70,000

ECONOMY:

The Cayman Islands are the wealthiest in the Caribbean, and islanders have the highest standard of living in the region. According to one source, the Cayman Islands has the 12th highest GDP per capita in the world. There is no income tax here. The Islands print their own money. The largest proportion of the economy comes from tourism. Another factor here is international finance - the islands are the 5th largest banking centre in the world.