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100 Dollars - Elizabeth II B Series, Turtle
| Issuer | Cayman Islands Currency Board |
|---|---|
| Year | 1996 |
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| Value | 100 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | $100 Cayman Islands Currency Board $100 This note is legal tender for One Hundred Dollars HE HATH FOUNDED IT UPON THE SEAS One Hundred Dollars CHAIRMAN 1996 Series, Issued under the Cayman Islands Currency Law (Revised) |
| 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.