Important Sales Policy Update for Commemorative $70 Banknote (2023-12-21)

Summary

This is a short public notice from the Cayman Islands Monetary Authority (CIMA) announcing a change to its sales policy for the commemorative $70 banknote.

• Sales limit change: Instead of a fixed sales limit per customer, the number of banknotes any individual may purchase will now be decided at CIMA's discretion, a change intended to ensure fair and equitable distribution of the limited-edition item.
• Currency Sales Counter: The Authority's Currency Sales Counter will be temporarily closed over the holiday period.

This notice is informational and directed at the general public and members of the public interested in purchasing the commemorative banknote, rather than at regulated financial institutions. It does not impose compliance obligations on licensees or other regulated entities.

Deadlines

• 11:30 am, Friday, 22 December 2023: Authority Currency Sales Counter closes for the holiday period
• 9:00 am, Tuesday, 02 January 2024: Authority Currency Sales Counter reopens