In the 11 Sept. 1969 edition of the Caymanian Weekly, a precursor of the Cayman Compass, the front page carried a report headlined ‘We are Decimal’. It read:
“Monday, 8 Sept., ‘C’ Day – the change-over to a decimal currency – is now past and we are decimalised!
“The 5c, 10c, 20c and 25c coins have been in circulation for some time, and this week we have been introduced to the 1c coin and the four new notes J$10 bearing the portrait of George William Gordon, J$2 Paul Bogle, J$1.00 Sir Alexander Bustamante and 50c Marcus Garvey, national heroes of Jamaica. It has been announced by the Jamaican Government that a J$5.00 bill will be introduced, on which the portrait of the late Mr. Norman Manley will appear ….
“All commercial banks in the island were closed on the 5th and opened on Monday with all their accounts converted to J$ and cents. Managers report that all went well internally over the weekend.
“Barclays Bank had the responsibility of distributing 1c coins and currency notes to the other banks, and this operation went very smoothly.
“For many in the Cayman Islands, it is disappointing to see the head of Her Majesty the Queen disappear from the face of our currency. We hope this will be restored if and when the Cayman Islands are able to introduce a currency of their own.
“It is a little early yet to comment on whether the change-over has been a smooth one, but there is no doubt that the Currency Committee appointed by Government in January has worked very hard to ensure that there are as few problems as possible.
“Monday was described as ‘confusion day’ by one store supervisor and the new notes were the main topic of discussion, in George Town at least, on that day. People who had been apathetic about the change-over were brought up with a jolt and conversion tables were in demand.
“Public opinion still indicates that the problems we will have to face in Cayman will be in respect of the interchange of the US with the Jamaican dollar, for £.s.d. will disappear within a few months. In this latter connection it will be in the public interest for everyone to exchange any £.s.d. they have for decimal currency, at any commercial bank.
“Our reporter heard one criticism of the arrangements regarding the change-over, i.e. a businessman felt all banks should have had new chequebooks and deposit books printed in $ and cents and have posted these to all their customers with a request that they be put in use from the 8 Sept. This would have eliminated all the alteration of deposit books on Monday morning.
“No doubt in time we shall forget we ever had £.s.d. Meantime we battle with dollars, cents and decimal points.”