More new money enters local circulation

| 07/07/2011

(CNS): The next two denominations of new notes to hit the streets are the $50 and $1 D series. The Cayman Islands Monetary Authority (CIMA) will introduce the notes into circulation today (Thursday, 7 July) joining the $25 and $5 notes which were the first to be released during the initial launch in April 2011. The $100 and $10 redesigns are the last to be circulated and CIMA said a date has yet to be set before the last remaining notes are released. The newly designed $50 combines purples with hints of green and red, bearing images of stingrays on the front and a single stingray cruising through the water on the reverse.

The $1 has the colours of sea blue with violet and orange, and displays a school of Angel fish on the front and an image of the Cayman Brac Bluff, viewed from sea level, on the reverse. Each note bears an updated portrait of Queen Elizabeth II, along with the Cayman Islands crest, and all the notes now carry an outline of Grand Cayman, Cayman Brac and Little Cayman.

In accordance with the new constitution, the signature of the Minister of Finance now appears on each note, rather than that of the Financial Secretary as was the case with the C series of banknotes. The signature of CIMA’s Managing Director also appears on each note.

The $50 and $1 notes along with all of the other denominations in the new D series of Cayman Islands banknotes have been redesigned and include the latest security features.

“Much thought and work went into enhancing the security elements and increasing the number of different features on each denomination,” said CIMA’s MD Cindy Scotland.  “While counterfeiters will always try, the new notes will be significantly harder to forge, especially if people know what to look for and are vigilant.  I urge everyone to take time to get really familiar with the notes so they can better identify attempted counterfeits.”

For more information on the common features of each note and the security highlights of the D series, please visit the CIMA website at:

Category: Local Business

Comments (19)

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  1. Anonymous says:

    The CIMA should be mindful that whenever they decide to introduce new currency notes in the future, they should notify & coordinate with vendors who utilise ATM-like machines (airport parking pay stations, phone card top-up machines, etc).

    Their failure to coordinate this release, the late notice and worst, their assertion that there were "no significant changes" to the currency notes caused customer service issues for the airport and phone companies, resulting in expensive re-configurations. Pity that these corporate 'victims' can't charge the CIMA for the direct costs incurred and for the PR fall-out.

    Will CIMA management learn from this?  Doubt it.   


  2. Anonymous says:

    And wha happen to the two Dolla-bill with the soft Turtle……LOL???

  3. Anonymous says:

    Stamps and banknotes worldwide have moved towards being borderless, which makes them less attractive, in my opinion, and gives them a cheap, chopped look. It's the same thing with paintings: can you imagine the Mona Lisa without a frame?

    • Anonymous says:

      Yes I can, would be just like some of us without teeth………………!!!!

  4. Anonymous says:

    I must say that i was a bit startled when i first saw the 5 dollar bill which was during a transaction at a gas station.  i was reaching for my phone to call the police and report fake currency before i noticed the water mark.


    CIMA could have done a better job alerting the public to the release of the new notes.

    And yes I do think that the issue is just so that we can have a new signature on the bills because i am sure that this costs money that we do not have to spend.

  5. Anonymous says:

    The new money looks fake!

    How much has it cost the country to restyle the bank notes?

    Why do the people of the Cayman Islands have to pay for something that they haven't been consulted about first?

  6. Biker says:

    Personally, I was very sad to see the CIMA has decided to remove the beautiful Cayman schooner from the $ 5.00 bill.

    If there ever was a unique, Caymanian symbol that I could be more proud of, I cannot think of it.

    In my opinion, turtles and parrots should have been relegated to the coins.

  7. Anonymous says:

    At last the UDP figured out how to end the recession.

    Just print however much more money we need to balance the budget…

  8. Anonymous says:

    Would somebody at CIMA care to tell international banks that the old denomination is still in circulation please?  Only visitors to Cayman who try to exchange back old denomination when they get home are losing money as they are being refused by the banks there who seem to think that it is already out of circulation.

  9. SM says:

    I trust that all those businesses that use the various vending machines (cellular phone credit, calling card machines, etc) will make the necessary adjustments to their machines so that they will accept the new currency.

  10. West Bayer says:

    The ugliest things since party politics in Cayman!!!

    REMINDER CIMA: Leave well enuff alone!!!

    Q: Do we have to change the currency to suit the signatures???

    • Anonymous says:

      In my humble opinion these new bills are extremely attractive. They are probably one on the nicest currency sets in circulation worldwide. Well done CIMA.

    • Anonymous says:

      If my memory serves me correctly the original press release stated that this process started prior to the Bush Administration to upgrade the security of the notes and because the stocks of notes were getting low. CIMA can correct me if I am wrong.