10 Dollars

The Cayman Islands Monetary Authority was established in 1997, taking over currency functions from the Currency Board that had operated since 1972. The 2001 series — of which this is part — marked one of the first issuances under the fully restructured authority, though the relationship with De La Rue for Cayman notes predates the institutional reorganization by decades.

The Cayman dollar has been pegged to the US dollar at a fixed rate of CI$1 to US$1.20 since 1974, a rate that has never been adjusted — an unusual degree of monetary stability for a Caribbean jurisdiction, and one reason demand for replacement notes has remained comparatively low.