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5 Dollars - Elizabeth II C Series, Two Signatures
| Issuer | Cayman Islands Monetary Authority |
|---|---|
| Year | 2005 |
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| Printer | Thomas De La Rue & Company, London, United Kingdom |
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|---|---|
| Obverse lettering | $5 Cayman Islands Monetary Authority $5 This note is legal tender for Five Dollars HE HATH FOUNDED IT UPON THE SEAS Five Dollars Chairman 2005 Series. Issued under the Monetary Authority Law (2004 revision) Cayman Islands Monetary Authority |
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| Variants | P#34a - serial# prefix C/1 P#34b - serial# prefix C/2 |
| Comments |
The Cayman Islands Monetary Authority replaced the Currency Board in 1997, and the C Series notes that followed reflected that institutional change at the administrative level without dramatically altering the established De La Rue designs. Two-signature issues typically correspond to a transition in the Authority's senior personnel — in this case, one of the signatures belongs to the CIMA Managing Director, the other to the Financial Secretary of the Cayman Islands government, a dual-sign arrangement required under the Monetary Authority Law.
The Cayman dollar has been pegged to the US dollar at a fixed rate of CI$1 to US$1.20 since 1974 — one of the most consistently maintained fixed rates in the Caribbean.