Convert Cayman Islands Dollar to Algerian Dinar
Please provide values below to convert Cayman Islands Dollar [KYD] to Algerian Dinar [DZD], or Convert Algerian Dinar to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Algerian Dinar
1 KYD = 0.00640995562338415 DZD
Example: convert 15 KYD to DZD:
15 KYD = 15 × 0.00640995562338415 DZD = 0.0961493343507622 DZD
Cayman Islands Dollar to Algerian Dinar Conversion Table
| Cayman Islands Dollar | Algerian Dinar |
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.