The Cayman Islands Dollar (CI$) is the official currency, which is divided into 100 cents. It is fixed to the US dollar at US$1.25. Currency can be exchanged at the banks, bureaux de change and many hotels. Banks are closed on Saturdays and Sundays. US Dollars are accepted in most establishments and is the prefered currency for exchange as both cash and as travellers cheques. ATMs are available and major credit and debit cards are widely accepted.