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Grand Cayman, shaped like a giant claw "pinching" the North Sound, is the largest of the three islands in the Cayman Islands, a rich territory of the U.K. George Town, at the southwest "knuckle" of Grand Cayman, is the capital of the Cayman Islands and its largest city. Grand Cayman's Seven Mile beach, on the west coast north of George Town, is one of the finest beaches in the world.
Since 1972 the Cayman Islands has its own currency, whose basic unit is the dollar, issued in notes with denominations of CI$100, 50, 25, 10, 5 and 1 and coins valued at 25 cents, 10, 5 and 1 cent. The CI dollar has a fixed exchange rate with the US dollar of CI$1 equals US$1.25. Or, the US dollar equals CI $.80.