GRAND CAYMAN, Cayman Islands – Premier
Hon. Alden McLaughlin was pleased on Monday to announce the issuance
of the new $1 banknote that commemorates the 60th
anniversary of the first written Constitution of the Cayman Islands.

“We set out on a journey in 2018 to Celebrate
Cayman in observance of the 60th anniversaries of our Coat
of Arms and our Constitution,” said Mr. McLaughlin. “On Monday we
honoured our heroes and the men who saw the need for Cayman’s own
written Constitution and took the necessary steps to get that
document approved by the Queen. I think it is fitting that we have a
banknote that commemorates their work and the Constitution, which is
the foundation upon which our democracy is built and the ultimate
embodiment of the rule of law in the Cayman Islands.”

The commemorative note, issued by the Cayman
Islands Monetary Authority (CIMA), is a modified version of the
current “D” series $1 banknote.

The note is the same colour and design as its
existing counterpart, with four differences.

The first is that the new note bears the Celebrate
Cayman – 60 Years – Our First Constitution logo, which is located
to the left of the Coat of Arms. The second change is that the
signatures of Minister of Finance the Hon. Roy McTaggart and CIMA’s
Managing Director Mrs. Cindy Scotland have been relocated to the
right of the Queen’s effigy. The third change is that the magnetic
thread running from the top to the bottom of each note has been
replaced with a new security feature, a 4 mm wide RAPID micro-optic
purple security thread demonstrating a dynamic wave effect when the
note is tilted. The fourth change is a distinctive serial number
that incorporates the "Q/2" series banknotes
and is only used for special occasions such as this.

The other security features of the existing “D”
series banknote will continue on the new note. These include our
turtle watermark, a unique serial number on each note and florescent
images.

The commemorative banknote can be acquired from
CIMA’s Currency Division on the Ground Floor of the Government
Administration Building. The note is sold at face value ($1.00) and
goes into circulation via the retail banks this week.

CIMA reminds the public 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.