Cayman Islands
(British Overseas Territory)
Cayman Islands Monetary Authority (Est. 1997)
Currency - Dollar (KYD)
Two notes of $25 and $50, both overprinted with commemorative logos for the celebration of Cayman Islands Monetary Authority's 25th Anniversary. The CIMA was established on 01.01.1997
as the primary financial services regulator a.k.a. central bank. The bank is situated in the capital city George Town in the Grand Cayman island, the largest of the three main islands of Cayman Islands. These two notes are both dated 2022 but only released in 2023. The design on both notes are the same as the two notes of $25 and $50 previously 2010 series issued but with added commemorative logo on the front for this celebration. These two notes were initially scheduled to be released in 2022 but were delayed until mid-2023. The prefix series for these two notes is D/4. Cayman Islands have a rather small population of 74,000+/- and as such it is not expected many banknotes issued, even for those for general circulation.
Prior to 1972, the Jamaican dollar was circulating in the Cayman Islands and needless to say the Cayman Islands dollar was an offshoot of the Jamaican dollar. In 1972, the Cayman Islands introduced its own currency and like Jamaica, Australia and New Zealand, Cayman Islands adopted the
'Dollar' instead of 'Pound Sterling'. The exchange rate (Jamaica dollar to Cayman Islands dollar) at the time was $1 for ₤1. Jamaica converted its currency to decimal system on 08.09.1969. Today, one Cayman Islands dollar can buy $180+/- Jamaican dollars.
Front - The portrait of Queen Elizabeth (b.1926-2022). This portrait was taken in 1999 by Mark Lawrence and has been used for the Cayman Islands banknotes series since 2010. The Queen was 73 years old when this portrait was taken. Since the accession to the British throne, 31 portraits of the Queen have been used on various banknotes issued around the Commonwealth issued during her 70 years reign, including those issued in Scotland. The design for this note is the same as the 2010 series but with the commemorative logo added in the center right, next to the Queen's head. Five scallop clam shells are printed in the note, with a larger one in the center left.
Signatures
Minister of Finance - Christopher S Saunders (tenure 2021-2023)
Managing Director - Cindy Scotland (since 2002)
Watermarks - A Hawk-bill turtle and electrotype CIMA
Dimensions - 157mm x 67mm
Back - A Hawk-bill turtle swimming in the sea, with some angle fish swimming above. This note (together with the $50) is printed by De La Rue. On the far right is an image of a scallop shell (on the front too) in grey and white colours and when the note is held up against the light, you can see a perfect registrar of the shell.
Front - Queen Elizabeth the Second (b.1926-2022) on the center right, a 'flat' stingray on the center left. This is the second last series of banknotes printed with the portrait of the last Queen Elizabeth. The last series issued with her portrait was the commemorative note of $70 issued in memory of her first anniversary passing. Like the above $25 note, the three main islands of the Cayman Islands are printed in the center left, namely - Cayman Brac, Little Cayman and Grand Cayman. This note is printed with - 2022 Series Issued under The Monetary Authority Law.
Signatures
Minister of Finance - Christopher S Saunders (tenure 2021-2023)
Managing Director - Cindy Scotland (since 2002)
Watermarks - A Hawk-bill turtle and electrotype CIMA
Dimensions - 157mm x 67mm
Back - A stingray swimming in the ocean. A cone shaped shell on the top left corner, and an image of a stingray perfect registration/see-through security feature is located on the bottom right corner (bottom left on the front). A perfect registration of a stingray is printed on the far right as one of the few security features of this note.