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KYD (Cayman Islands Dollar)

What is 'KYD'

The currency abbreviation or currency symbol for the Cayman Islands dollar (KYD), the currency for the Cayman Islands. The Cayman Islands dollar is made up of 100 cents and is often presented with the symbol ($) or (CI$). Surprisingly, this currency is the ninth-highest in the world in terms of value.

Explaining 'KYD'

The Cayman Island dollar was first seen in 1972, replacing the Jamacian dollar one a one-to-one basis. Both Jamaican and Cayman Island currency was used until 1972, when Jamacian currency was discontinued. The CI dollar was pegged to the U.S. dollar in 1974 but is now valued slightly below its peg rate.


Further Reading


Health City Cayman Islands and the globalization of health services delivery
www.sciencedirect.com [PDF]
The Cayman Islands financial services industry encompasses banking, mutual funds, captive insurance, vessel registration, companies and partnerships, trusts, structured finance and the Cayman Islands Stock Exchange. As of December 2005, just over 70,000 …

Gold, currencies and market efficiencyGold, currencies and market efficiency
www.sciencedirect.com [PDF]
The Cayman Islands financial services industry encompasses banking, mutual funds, captive insurance, vessel registration, companies and partnerships, trusts, structured finance and the Cayman Islands Stock Exchange. As of December 2005, just over 70,000 …

How Tax Havens and Offshore Finance Centres Operate: Taxation and SecrecyHow Tax Havens and Offshore Finance Centres Operate: Taxation and Secrecy
link.springer.com [PDF]
The Cayman Islands financial services industry encompasses banking, mutual funds, captive insurance, vessel registration, companies and partnerships, trusts, structured finance and the Cayman Islands Stock Exchange. As of December 2005, just over 70,000 …



Q&A About KYD (Cayman Islands Dollar)


How did the CI dollar peg to U.S. dollars in 1974?

In 1974, both currencies were pegged at a rate of US$1 = CI$2.70 but now valued slightly below its peg rate.

What does CI stand for?

The Cayman Island dollar is made up of one cent. It is often presented with the symbol () or (CI).

When was the Cayman Island dollar first seen in 1972?

The Cayman Island dollar replaced Jamacian currency on a one-to-one basis in 1972. Both Jamaican and Cayman Island currencies were used until 1972, when Jamaican currency was discontinued.

What is the currency abbreviation for the Cayman Islands dollar?

KYD.

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