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

Study for the Cayman History and Culture Test. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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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