Currency, Cayman Islands

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The Cayman Islands has its own currency and the basic unit is the dollar. It is issued in notes of CI$100, 50, 25, 10, 5 and 1 and coins valued at 25 cents, 10, 5 and 1 cent. The CI dollar has a fixed exchange rate with the US dollar of CI$1.00 equals US$1.25 or US$1.00 dollar equals CI $0.80. The US dollar is accepted throughout the islands and as an example, a US$20 note converts to CI$16. Banks do NOT give a better rate of exchange and the rate does not fluctuate! MasterCard, VISA and American Express cards as well as travellers checks are widely accepted. Canadian dollars and pounds sterling can be exchanged for CI dollars at local banks. Automatic Teller Machines accepting VISA and MasterCard with Cirrus affiliation are located at most banks and at the airport. Regular banking hours are 9:00 a.m. until 4 p.m. Monday through Thursday and until 4:30 p.m. on Friday.

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General Tips about Cayman Islands

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