Section 22Part 3 — Currency
Unit of currency
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22. (1) The unit of currency of the Islands shall continue to be the Cayman dollar divided into one hundred cents.
The value of the Cayman dollar shall be equivalent to such an amount of currency of the United States of America as the Cabinet may, in accordance with the advice of the Authority, by Order made under this section, prescribe.
An Order made under subsection (2) shall come into operation at such time and day as may be specified in such Order. Section 23 Monetary Authority Law (2020 Revision) Page 22 Revised as at 31st December, 2019 c
An Order made under subsection (2) shall be given such publicity immediately after it is subscribed in writing by the Cabinet as, in the opinion of the Authority, is likely to bring the Order to the notice of such persons as are immediately affected thereby, and shall also be gazetted.
For the avoidance of doubt it is hereby declared that an Order may be made on a public holiday within the meaning of the Public Holidays Law (2007 Revision).