Catalog
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| Issuer | Cayman Islands Currency Board |
|---|---|
| Year | 1991 |
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| Value | 25 Dollars |
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|---|---|
| Obverse lettering | $25 Cayman Islands Currency Board $25 This note is legal tender for Twenty Five Dollars HE HATH FOUNDED IT UPON THE SEAS Twenty Five Dollars 1991 Series, Issued under the Cayman Islands Currency Law (Revised) Cayman Islands Currency Board |
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| Reverse lettering | CAYMAN ISLANDS CURRENCY BOARD $25 20 CARIBBEAN SEA 80 Cayman Brac Little Cayman North Sound Georgetown Grand Cayman TWENTY FIVE DOLLARS THOMAS DE LA RUE AND COMPANY LIMITED |
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| Comments |
The Cayman Islands Currency Board was established in 1972, the year the islands severed their currency link with Jamaica and began issuing their own dollar — pegged to the US dollar at a rate of CI$1 to US$1.20, a rate that has held without adjustment ever since. That unusual stability reflects the islands' status as a major offshore financial centre, where maintaining a credible fixed rate is a practical economic necessity rather than a policy aspiration.
Thomas De La Rue printed the entire B Series, which replaced the inaugural A Series in the late 1980s. P#14 is the highest denomination in that series.