(CMR) In light of the passing of Her Majesty Queen Elizabeth II, Cayman's local currency will be phased out and replaced with a new design featuring an effigy of His Majesty King Charles III. This opportunity will also help to facilitate a complete redesign of the current banknotes.
To ensure we develop banknotes that citizens can identify with and be proud to use as their money, the Cayman Islands Monetary Authority and the Cayman Islands Government seek public input via a short online survey on preferred themes. The survey closes on 2 March 2023.
Take the survey here: http://ow.ly/pqPG50MXicT
Meantime, CIMA has announced the issuance of new D/4 series commemorative $25 and $50 banknotes as part of its 25th Anniversary celebration.
Changes to the design include the addition of a holographic foil patch with CIMA’s 25th Anniversary logo, which is located to the left of Her Majesty Queen Elizabeth II’s effigy, and the signature of the Minister of Finance. Other security features, such as a watermark of a turtle, novel serial numbering, and the holograph strip, remain unchanged.
Commemorative $25 and $50 notes
The commemorative $50 note was put into circulation last week via the retail banks, with the $25 note to follow soon thereafter.
The public is also reminded that it is illegal to print or publish anything in the likeness or appearance of all or part of a banknote. It is also illegal to mutilate, deface or perforate any currency note or coin that is legal tender in the Cayman Islands.