Cayman Dollar
The currency of the Cayman Islands is the Cayman Dollar, and the Cayman Islands Currency 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.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 Dollars, by arrangement with the World Bank. However, it is typically traded at USD1.20 in retail outlets around the island.
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