Cayman Islands Dollar
(KYD) Insights
Currency of world's leading investment fund domicile and major offshore banking centre; ~75% of global hedge funds and ~40% of global private equity funds are registered in Cayman; 5th largest banking centre globally (~$1.5 trillion in banking assets); no corporate, income, or capital gains tax; CIMA regulates >13,000 mutual funds; population ~70,000; one of highest per-capita incomes globally; Cayman is the principal structuring hub for global alternative investments
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Currency Snapshot
Technical specifications, central bank governance, and market standing for Cayman Islands Dollar.
KYD
Standardized ISO 4217 Currency Code
CI$
Unicode Glyphs & Display Symbol
1/100 = Cent Decimals
Subdivision unit definition
Cayman Islands
Cayman Islands Monetary Authority (CIMA)
Cayman Islands Monetary Authority (CIMA)
US Dollar (USD)
Market-determined exchange rate mechanism
Currency Standard: Fiat (USD-pegged)
Classified as Fiat (USD-pegged) in global trade networks
Banknotes
CI$ 1
Coins
1c
Global Network Integration
The FX Intelligence terminal maps the institutional footprint of the Cayman Islands Dollar, highlighting cross-border utilization and primary trading corridors.
Verified Authority
Regulated data streams mapped to Cayman Islands Monetary Authority (CIMA).
KYD Market Insights
Deep-dive analysis of the Cayman Islands Dollar's global impact, remittance role, and institutional influence.
Strong Currency Impact
N/A (USD-pegged); cheaper imports; lower fund management fee revenues in USD terms if offshore structuring demand falls
Weak Currency Impact
N/A (USD-pegged); higher fund management revenues; financial centre expansion; tourism growth from cruise ships
Remittance Role
Cayman Islands receives modest formal remittances; large Jamaican, Filipino, and Honduran professional workforce in tourism and construction sends remittances home; Caymanian diaspora in UK modest
Central Bank Tools
USD peg mechanism (fully backed), Fund registration (CIMA), Banking supervision, AML/CFT enforcement, FATF compliance
Common Questions About Cayman Islands Dollar
Everything you need to know about KYD exchange rates, banknotes, and historical significance.