Cayman islands dollar (1971-2023): the youngest offshore currency

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The article is devoted to the study of exotic currencies, namely the history of the formation and development of the Cayman Islands dollar. The author analyzes the main stages of introducing new series of banknotes (A, B, C, D) into circulation and provides current statistics on currency circulation at the present time. Separately, the author notes the exchange rate system, as well as the role of the Cayman Islands in international offshore business. The bibliographic base of the article is represented by current research on the topic of the work, data from the Cayman Islands Monetary Authority, as well as data from the International Monetary Fund. In conclusion, the role of the Cayman Islands dollar in the global economy is determined, and a conclusion is also made about the colonial genesis of this currency.

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British colonies, cayman islands, exotic currencies, cayman islands dollar, offshore, offshore jurisdictions, offshore currencies, currency board, cash circulation, cash, banknotes

Короткий адрес: https://sciup.org/170202963

IDR: 170202963   |   DOI: 10.24412/2411-0450-2024-2-85-92

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