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The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, a British Overseas Territory in the Caribbean. It is commonly used for transactions within the islands and is pegged to the United States Dollar (USD), making it a stable currency for both residents and visitors alike.
The Bahamian Dollar (BSD) is the official currency of the Bahamas, a country comprising numerous islands in the Caribbean. It is pegged to the United States Dollar (USD) at a 1:1 exchange rate, which aids in stabilizing the economy and facilitating trade with the United States. The currency is denoted by the symbol '$' or 'B$' to distinguish it from other dollar-denominated currencies.