5 Dollars

The Cayman Islands Currency Board was established by the Cayman Islands Currency Law of 1971, and this note belongs to the first substantive series issued under that authority — the islands having previously relied on Jamaican currency. De La Rue printed the series in London, as they did for a considerable portion of British dependent territories during this period.

The 1974 date places it squarely in the early years of the islands' monetary independence from Jamaica, which came into effect in 1972 when the Cayman Islands dollar was introduced at par with the US dollar — a peg that has held ever since.