1 Dollar

The Cayman Islands Currency Board was established by the Cayman Islands Currency Law of 1971, and this 1974 issue was among the first series printed for the territory as it moved toward its own distinct monetary identity — separate from the Jamaican dollar, which had previously circulated. De La Rue handled the entire series, as they did for the majority of British dependent territories at the time.

The watermark is the primary security feature — no security thread on this issue. Early Cayman notes have since attracted serious collector interest partly because the territory's subsequent transformation into a major offshore financial centre made its founding currency issues retrospectively significant.