Catalog
100 Dollars - Elizabeth II B Series, Turtle
| Issuer | Cayman Islands Currency Board |
|---|---|
| Year | 1996 |
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| Value | Log in to see details |
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| Composition | Cotton paper |
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|---|---|
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| Reverse description | Multicolour vignette of George Town harbour at centre, with a coral motif at left forming part of the guilloche underprint design. Denomination values appear at bottom left, top right, and below the central vignette, with a watermark panel at right. |
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| Protection type | Watermark, Security thread |
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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.