This page is outdated.
Please update this page to reflect recent events or newly available information. Please see the talk page for more information. |
The São Tomé and Príncipe dobra (code: STD; symbol: Db) is the currency of São Tomé and Príncipe. It is divided into 100 cêntimos, but inflation has rendered the cêntimo obsolete. The currency was introduced in 1977, replacing the escudo at par.
Banknotes[]
During 1977, banknotes were introduced in denominations of 50, 100, 500, and 1000 dobra by the Central Bank of São Tomé and Príncipe. Due to inflation, notes denominated in 5000, 10,000, 20,000, and 50,000 dobra were introduced, with the former lower denominated notes being replaced by coins in 1997. In 2006, a new issue of these banknotes was introduced, with upgraded security features.
During December 2008, the 100,000 dobra note was introduced.
All the notes bear a portrait of Rei Amador. The only exception is the 100,000 dobra banknote, which bears a portrait of African poet, Francisco José Tenreiro.
Coins[]
In 1977, coins denominated in 50 cêntimos, 1, 2, 5, 10, and 20 dobra were introduced. With an exception of the brass 50 cêntimo and 1 dobra coins, all of these coins were struck in cupronickel. In 1997, coins were minted at higher denominations, due to inflation, with values of 100, 250, 500, 1000, and 2000 dobra were introduced. Of these, the lower denominated coins (100 and 250 dobra), are round, while the remaining are equilaterally curved heptagonal.
Exchange rates[]
Historical exchange rates[]
Date |
Euro |
United States dollar
|
1995 | n/a | 1,420.3 |
1996 | 2,203.2 | |
1997 | 4,552.5 | |
1998 | 7,104.05 | |
October 1999 | – | 7,200.0 |
August 2004 | 12,002.84 | 8,794 |
March 2005 | 11,663 | 9,086 |
25 October 2005 (est.) | 9,275.93 | 7,665.00 |
20 October 2007 | 19,639.90 | 13,738.50 |
1 January 2008 | 20,499.73 | 14,050.00 |
4 March 2009 | 22,062.04 | 17,500.00 |
31 July 2010 | 18,720.00 |
On March 4, 2009, the dobra became the least valued currency unit for the first, and so far only, time in history.
Deal with Portugal[]
During July 2009, the Santomean Government signed a loan deal with Portugal, its former colonial mother-country to tie the dobra to the euro. Portugal provided as much as 25 million euros in a move endorsed by the European Commission. São Tomé and Príncipe claimed that linking the dobra to the euro would give their currency stability. It is also expected to attract foreign investment.
Government officials spent a year negotiating the agreement, which was put into effect on January 1, 2010, in which the exchange rate was fixed at 1 EUR = 24500 STD. This is similar to an agreement made between Portugal and Cape Verde ten years before.
Current exchange rates[]
Current STD exchange rates | |
---|---|
From Google Finance [1]: | AUD CAD CHF EUR GBP HKD JPY USD |
From Yahoo! Finance [2]: | AUD CAD CHF EUR GBP HKD JPY USD |
From OzForex [3]: | AUD CAD CHF EUR GBP HKD JPY USD |
From XE.com [4]: | AUD CAD CHF EUR GBP HKD JPY USD |
From OANDA.com [5]: | AUD CAD CHF EUR GBP HKD JPY USD |
Notes and references[]
Currency Wiki has 6 images related to São Tomé and Príncipe dobra. |
São Tomé and Príncipe dobra | |
---|---|
Coins | 10 c • 20 c • 50 c • 1 Db • 2 Db • 5 Db • 10 Db • 20 Db • 50 Db • 100 Db • 250 Db • 500 Db • 1000 Db • 2000 Db • 2500 Db • 3500 Db • 5000 Db • 10,000 Db • 15,000 Db • 25,000 Db |
Banknotes | 5 Db • 10 Db • 20 Db • 50 Db • 100 Db • 200 Db • 500 Db • 1,000 Db • 5,000 Db • 10,000 Db • 20,000 Db • 50,000 Db • 100,000 Db |
Miscellaneous | Centimo • Central Bank of São Tomé and Príncipe |