8. Cayman Islands Dollar (1 KYD = 1.22 USD)
These islands have no direct taxation, due to that reason the islands are included onto our most expensive currencies in the world.
The Cayman Islands thrive of offshore financial centers with hundreds of banks, insurers and mutual funds.
The equivalent of one Cayman Islands Dollar is $1.22 USD (before 1972 the official currency used in Cayman Islands was Jamaican dollar, but it was replaced).
But if you are on vacation and the only money you have on you are US dollars, you can use them to buy whatever you need because on the islands, the US dollar is accepted as legal currency.
So, do you want to take your US money to the Cayman Islands? I’m sure they will be glad to have you there.
