Keyword Analysis & Research: cayman islands monetary authority

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What is the currency used in the Cayman Islands?

The Cayman Islands Dollar (currency code KYD) is the currency of the Cayman Islands. It is abbreviated with the dollar sign $, or alternatively CI$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. It is the 6th-highest-valued currency unit in the world, as of 20 June 2018.

What kind of economy does the Cayman Islands have?

Cayman Islands are British overseas territory and a notable offshore financial center. The economy of the islands is dependent upon tourism and financial services. The tourism industry targets high end travelers and gather more than 70% of foreign currency earnings and GDP.

What kind of government does the Cayman Islands have?

Government of the Cayman Islands. Government of the Cayman Islands takes place in a framework of a parliamentary representative democratic overseas territory, whereby the Premier is the head of government, and of a two-party system. [clarification needed] Executive power is exercised by the government.

Is the Cayman Islands an independent country?

Though they are not an independent nation, the Cayman Islands can also be included in the Greater Antilles. The term "Antilles" comes from medieval European cartography, where it was used to indicate a land that was considered to be mysterious.

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