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Cayman Islands Dollar – (1 KYD = 1.20 USD)
The next strongest currency in the world is the Cayman Islands Dollar. The Cayman Islands are a British Territory located in the Caribbean and are well known for being one of the worlds best tax havens. They provide banking licenses for a number of the worlds biggest banks, hedge funds and insurance companies. The KYD was introduced in 1972 as a replacement for Jamaican Dollars and has gone on to become one of the worlds strongest currencies.
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