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Currency
Cayman Islands currency is the Cayman Islands dollar (CI$), divided
into 100 cents. The CI$ is pegged to the US$ at CI$1.00=US$1.20
by agreement through the international monetary fund. Both CI$
and US$ are accepted at local restaurants and stores but US$ maybe
accepted at a less favourable rate of exchange.
Bank Accounts
There are several banks on the Island. To open an account they
will require a letter from your employer and proof of identity
(passport or driving license).
Depending upon the bank you choose,
it may be up to two weeks before the account is operational. You
should ensure you have enough money/traveller's cheques to cover
your start up costs, including rent, deposits etc . It is a good
idea to open an account with travellers' cheques or a bank draft
and keep some travellers cheques for deposits and expenses etc. |
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