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Cayman Islands Currency

28 May 2012
Cayman Islands Currency

The Cayman Islands Dollar (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. The Cayman Islands dollar is pegged to the United States dollar (USD) at CI $1 = US $1.25 as the ‘street’ conversion (US $1 = CI $.80). US currency is widely accepted across all three of the Cayman Islands, so there is no need to convert your money from US to CI for your visit.

Cayman dollars come in the following demonimations: $1, $5, $10, $25, $50 and $100.

When purchasing items, some stores will advertise prices in US dollars; others will indicate CI dollars. If you are unsure, ask an associate so you know which currency you are working with! When in a restaurant, the menu will state whether prices are in CI or US. When you get the check at the end of your meal, the final cost in both US and CI will be shown.

If you need to withdraw money, there are many ATMs in the Cayman Islands that accept overseas debit and credit cards. You can opt to receive either US or CI currency when using an ATM. Be sure to check with your bank prior to travelling as additional fees may be incurred by using ATMs that are not part of your bank’s network.

Further banking information can be obtained from the Cayman Islands Monetary Authority at cima@cimoney.com.ky or visit their website at www.cimoney.com.ky.