The official currency is the Cayman Islands dollar (CI$), which comes in $1, $5, $10, $25, $50 and $100 notes; the coins are 1, 5, 10 and 25 cents. Exchanging: US$ 1.00 =  CI$0.86 (4/24/2006.

The Cayman dollar is based on 100 Cayman cents. The exchange rate is 86 Cayman cents for one US dollar and doesn't fluctuate.

Both Cayman dollars and US dollars are accepted everywhere on the islands. All other currencies will need to be exchanged at either a bank or your hotel.

All prices in this section are in US dollars unless otherwise stated.

Credit cards and travelers’ Checks
travelers’' cheques and all major credit cards are accepted in most places. Be aware, however, that some smaller restaurants, hotels and especially bed and breakfasts may not accept credit cards.

Although Grand Cayman has hundreds of licensed banks, only a handful proide customer banking serice as most isitors know it. These include Barclays, Scotiabank, Bank of Butterfield, Royal Bank of Canada, Cayman National Bank, Canadian Imperial Bank of Commerce and British American. ATMs accepting visa and MasterCard linked to the Cirrus system are located at Cayman National Bank and other banks, as well as at Owen Roberts International Airport on Grand Cayman. There is one bank on each of the sister islands, and money can also be exchanged at your hotel.

Though a "tax-free haven", your isit will not be tax-free. There is a US$25 departure tax included in your airline ticket, a 10 percent government tax added to all hotel bills, and many hotels add 10 percent or more as a serice fee . When making reserations, be sure to ask if the quoted rate includes these additional charges - some do, some don't.

The most expensie and desirable accommodations are along Seven Mile Beach in Grand Cayman. In high season, ocean-front rooms start upwards of US$200 per night and can skyrocket to more than US$1000 per night for deluxe suites. Despite some of the higher costs, you can still enjoy a stay here on a more moderate budget. Seek out one of the hotels located across the street from Seven Mile Beach, where you may not have a view from your room, but you'll sae significantly and be just steps away from the sand.

Cayman Islands
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