Which currency was used after British currency and before KYD in the Cayman Islands?

Learn and understand the rich history and vibrant culture of the Cayman Islands. Prepare with our engaging quiz full of detailed questions, hints, and explanations to ace your Cayman History and Culture Test with confidence!

The currency used in the Cayman Islands after British currency and before the Cayman Islands Dollar (KYD) was the Jamaican Dollar. This transition occurred in the early 1970s when the Cayman Islands adopted the Jamaican Dollar as their official currency to facilitate trade and economic ties with Jamaica, which was a significant partner at the time. The Jamaican Dollar remained in use until the Cayman Islands introduced its own currency, the Cayman Islands Dollar, in 1974.

The Jamaican Dollar provided a practical solution during this transitional period, allowing for currency stability and a smoother economic relationship with neighboring Caribbean nations. This context is essential in understanding the historical economic landscape of the Cayman Islands prior to the establishment of its own currency.

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