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History::Cayman Islands dollar

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History The Cayman Islands dollar was introduced in 1972, replacing the Jamaican dollar at par. Jamaican currency and Cayman Islands dollars both remained legal tender until 1 August 1972,<ref>Cayman Islands Government Notice No. 126 of 1972, proclamation No. 2 of 1972, dated 7 July 1972</ref> when Jamaican currency ceased to be legal tender. The Cayman Islands dollar has been pegged to the United States dollar at 1 Cayman Islands dollar = 1.2 U.S. dollars since 1 April 1974, when the Currency Law of 1974 was enacted.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 1983, the 1974 law was repealed and replaced by the Currency Law Revised, which itself was replaced in 1997 by section 22 of the Monetary Authority Law.<ref name=CIMACurrency>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Under section 22 of the 2013 revision of the Monetary Authority Law, the value of the Cayman dollar in United States Dollars is determined by the Governor.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>


Cayman Islands dollar sections
Intro  History  Coins  Banknotes  Exchange rates  Half pounds  See also  References  External links  

History
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