Cayman Islands Dollar (KYD): Meaning, History, Example

The Cayman Islands dollar (KYD) is the official currency for the Cayman Islands and has a fixed exchange rate pegged to the U.S. dollar. It replaced the Jamaican dollar in 1972 and plays a crucial role in the country's economy. The currency symbols $ and CI$ are used locally and the Cayman Islands Monetary Authority is responsible for managing the currency.
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