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100 Dollars - Elizabeth II B Series, Turtle
| Issuer | Cayman Islands Currency Board |
|---|---|
| Year | 1996 |
| Type | Log in to see details |
| Value | 100 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Red intaglio on multicolour underprint. The Cayman Islands Coat of Arms appears at upper centre flanked by a treasure chest at left and a sea turtle at far left, with a portrait of Queen Elizabeth II in intaglio at right. Denomination numerals occupy all four corners, with the legal tender inscription and series date across the lower register. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | CAYMAN ISLANDS CURRENCY BOARD $100 $100 ONE HUNDRED DOLLARS $100 THOMAS DE LA RUE AND COMPANY LIMITED Cayman Islands Currency Board |
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| Comments |
The Cayman Islands Currency Board was established in 1972 following the territory's administrative separation from Jamaica, and this series reflects the currency board model in its most straightforward form — no central bank, no monetary policy discretion, just a fixed 1:1.2 peg to the US dollar that has held without interruption since introduction. The KYD remains one of the highest-valued dollar-denominated currencies in the world, a function of that peg and the territory's offshore financial sector rather than any monetary tinkering.
De La Rue's B Series for the Caymans introduced upgraded security relative to the A Series, though by 1996 the thread and watermark combination was already considered a baseline rather than cutting-edge protection.