Cayman Islands Dollar
Cayman Islands Dollar
Currency Code
KYD
ISO 136
Symbol
KYD
Native: $
Decimal Digits
2
Rounding: 0
Countries
KY
Using this currency
Currency Units
Major Unit
Name: dollar
Symbol: $
Minor Unit
Name: cent
Symbol:
Value: 0.01
Banknotes
Frequently Used
$1$5$10$25$50$100
Coins
Frequently Used
1 cent5 cent10 cent25 cent
Plural Forms
English Plural
Cayman Islands dollars
Native Plural
Cayman Islands Dollars
Overview
The Cayman Islands Dollar is the currency of the Cayman Islands, pegged to the US dollar. It serves one of the world's major offshore financial centers and has a high value due to the territory's prosperous economy.
Economy
- Cayman Islands is a member of Associated with UK, Caribbean regional organizations.
- Main industries include: Tourism, Banking, Insurance, Finance, Construction, Construction materials, Furniture.
- Imports are foodstuffs, manufactured goods, fuels.
- Major exports include turtle products, manufactured consumer goods.
- GDP: $6.0 billion (2018 est.).
- GDP per capita: $91,392 (2018 est.).
- Unemployment rate: 4% (2008 est.).
- Inflation rate: 2% (2017 est.).
- Main trading partners: United States, Netherlands, Jamaica, Costa Rica.
- Trade agreements: Through UK agreements, Caribbean trade arrangements.
History
- Previous currencies used: Jamaican dollar, British pound.
- The Cayman Islands dollar was introduced in 1972, replacing the Jamaican dollar. It has been pegged to the US dollar since inception, reflecting the territory's close economic ties with the United States.
- 1972: KYD introduced, replacing Jamaican dollar
- 1972: Pegged to USD at 1.20 KYD = 1 USD
- 1974: Cayman Islands Monetary Authority established
- 1980s: Growth as offshore financial center
- 2000s: Enhanced regulatory framework
- Exchange rate peg: USD (1972-present) at 0.833 KYD = 1 USD.
- Currently pegged to USD at 0.833 KYD = 1 USD.
General Information
- ISO 4217 Code: KYD
- Symbols: KYD/$
- Currency Subunits: 100 cents
- Central Bank: Cayman Islands Monetary Authority
- Monetary Policy: Currency board system maintaining USD peg. Focus on financial services regulation and monetary stability.
- Bills: 1 KYD, 5 KYD, 10 KYD, 25 KYD, 50 KYD, 100 KYD
- Coins: 1 cent, 5 cents, 10 cents, 25 cents
- USD Exchange Rate: 0.833
- Pegged To: USD at 0.833 KYD = 1 USD
- Capital: George Town
- Population: 65,483 (2023 est.)
- Area: 264 km²
- Languages: English (official), Spanish
- Time Zones: UTC-5 (Eastern Standard Time)
- Government Type: Parliamentary democracy under constitutional monarchy (British Overseas Territory)
- Head of Government: Governor (representing British Crown), Premier (head of government)
- Independence: British Overseas Territory
- Ethnic Groups: Mixed 40%, White 20%, Black 20%, Expatriates of various ethnic groups 20%
- Religions: Protestant 67.8%, Roman Catholic 14.1%, Jehovah's Witnesses 1.1%, Other 7%, None 9.3%, Unspecified 0.7%
- Literacy Rate: 98.9% (2007 est.)
- Transport: Owen Roberts International Airport, modern road network, cruise ship facilities
- Communications: Advanced telecommunications, 81% internet penetration, comprehensive mobile coverage
- Energy: Fossil fuels 96%, Solar 4%
- Countries Using This Currency: Cayman Islands
- Data Sources: Central Bank: Cayman Islands Monetary Authority (cima.ky), Economic Data: Economics and Statistics Office, World Bank estimates, Trade Data: Cayman Islands Customs Department, Demographic Data: Economics and Statistics Office, Geographic Data: National Weather Service, Historical Data: Cayman Islands Monetary Authority archives
- Last Updated: 2025