Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority (CIMA) is the regulatory body responsible for the monetary and financial systems of the Cayman Islands. Established in 1997, it is responsible for maintaining the stability and integrity of the financial system, and for promoting the development of the financial services industry.

The CIMA oversees the activities of all financial institutions operating in the Cayman Islands, including banks, trust companies, and insurance companies. It also licenses and supervises money services businesses and securities dealers.

One of the responsibilities of the CIMA is the issuance of currency. The Cayman Islands World Mint, a division of the CIMA, is responsible for the production and distribution of the Cayman Islands’ currency. The World Mint produces both circulating and commemorative coins, as well as medals and tokens.

The World Mint also produces coins for other countries and territories. It has a reputation for producing high-quality, secure coins with intricate designs, and has won numerous awards for its work.

The CIMA also plays an active role in international efforts to combat money laundering and the financing of terrorism. It is a member of the Caribbean Financial Action Task Force and the Egmont Group of Financial Intelligence Units, and works closely with other regulatory bodies to ensure compliance with international standards.

In summary, the Cayman Islands Monetary Authority (CIMA) is the regulatory body responsible for maintaining the stability and integrity of the financial system of the Cayman Islands. The World Mint, a division of CIMA, is responsible for production and distribution of currency and also produces coins for other countries and territories. Additionally, the CIMA is actively involved in the fight against money laundering and the financing of terrorism.

Content updated 1/25/23

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