Convert Cayman Islands Dollar to Iranian Rial
Please provide values below to convert Cayman Islands Dollar [KYD] to Iranian Rial [IRR], or Convert Iranian Rial to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Iranian Rial
1 KYD = 1.96358502007498e-05 IRR
Example: convert 15 KYD to IRR:
15 KYD = 15 × 1.96358502007498e-05 IRR = 0.000294537753011246 IRR
Cayman Islands Dollar to Iranian Rial Conversion Table
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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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.