An economic revolution in the 1960's turned the Cayman Islands, formerly occupied with fishing and farming, into an international finance and tourism centre. Favourable company and financial laws have attracted more than 500 commercial banks and trust companies, and more than 17,500 registered companies. Cayman Islands boasts of the highest standard of living in the Caribbean. In fact, though the total population numbers only 32,000. The Cayman Islands are the 5th largest financial centre in the world.
Money is their main resource.
Their currency is Caymanian dollars, U.S. dollars is widely accepted, Canadian dollars, travellers cheques recommended, cashed at a bank only. Tourism which now provides some 70 percent of the gross national product with more than 700,000 tourists visiting the islands annually has made beach front land prices on Grand Cayman among the highest in the world. Immigrants mostly from Jamaica and North America, make up about one in five of the population. Another fifth of the islands people are of European descent another fifth are African and the remaining 40 percent is of mixed race. With the highest standard of living in the British Caribbean, you are assured of the utmost in cleanliness and personal safety.