5 Dollars

The Cayman Islands Monetary Authority was established in 1997, taking over currency functions from the Currency Board that had operated since 1972. This 2001 series marked one of the earlier issues under the new authority's name, though the practical arrangements with De La Rue remained unchanged from previous decades.

Cayman dollar notes are pegged to the US dollar at a fixed rate of CI$1 to US$1.20 — a rate that has held since 1974 and remains one of the highest-valued dollar-denominated currencies in circulation anywhere.