The Cayman Islands use their own currency, the Cayman Islands Dollar (KYD), which is divided into 100 cents . The KYD was introduced in 1972, replacing the Jamaican dollar. Since 1974, the Cayman Islands dollar has been pegged to the US dollar at a fixed exchange rate of 1 Cayman Islands dollar = US$1.20. The currency is issued by the Cayman Islands Monetary Authority (CIMA).
Cayman Islands coins are available in the following denominations:
- 1 Cent (Copper Plated Steel, features a Thrush Bird)
- 5 Cents (Nickel Plated Steel, features a Crayfish)
- 10 Cents (Nickel Plated Steel, features a Hawksbill Turtle)
- 25 Cents (Nickel Plated Steel, features a Two-Masted Cayman Schooner)
All coins feature a portrait of Queen Elizabeth II on the obverse side.
Beyond the circulating coins, the Cayman Islands also have a series of commemorative and collector coins.
- The <<1999 twenty-five cents coin>> features a sailing ship design on the reverse.
- The first year issue <<1987 Hawksbill Sea Turtle coin>> is considered low mintage and high quality.
- The Cayman Marlin Coin Series features the Atlantic blue marlin. This series includes gold and silver coins, including colorized silver and gold versions. These coins are legal tender but valued higher than their face value due to their precious metal content.
- The <<1988 Cayman Islands Proof Set>> is a rare collector’s item with a limited mintage.
- The <<1972 Cayman Islands 25th Anniversary Sterling Silver Proof>> is another commemorative issue.
Cayman Islands coins, especially collectible issues and precious metal coins, can be purchased from various online marketplaces like Etsy and eBay. Dealers specializing in precious metals and world coins, like <> and <> located in the Cayman Islands, also offer these coins.
What are the coins in the Cayman Islands?
There are four denominations of circulating coins: 25¢, 10¢, 5¢ and 1¢. All coins bear a portrait of HM Queen Elizabeth II on the obverse side.
What is the 25 dollar coin for the Cayman Islands 1972?
From my experience, This silver commemorative coin was issued to celebrate the Silver Wedding Anniversary of Elizabeth II and Prince Philip in 1972. This commemorative coin was issued by the Royal Canadian Mint on behalf of the Cayman Islands to mark the 25th wedding anniversary of Queen Elizabeth II and Prince Philip.
Can US dollars be used in the Cayman Islands?
Thanks for asking. Yes, U.S. Dollars are widely accepted in the Cayman Islands, and many businesses and establishments, especially in the tourism industry, will accept U.S. Dollars alongside Cayman Islands Dollars. However, you may receive change in Cayman Islands Dollars. Cayman currency is available in both coins and banknotes.
What is the Cayman dollar called?
The Cayman Islands Dollar (currency code KYD) is the currency of the Cayman Islands. It is abbreviated with the dollar sign $, or alternatively CI$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents.