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São Tomé and Príncipe dobra

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São Tomé and Príncipe dobra

dobra são-tomense (Portuguese)

STD 5000 dobra 2004 obv
A 5000 dobra note

ISO 4217 code

STD

Official users

Flag of Sao Tome and Principe São Tomé and Príncipe

Years circulated

1977–present

Inflation

8.7% (2013)[1]

Subunit

cêntimo

Symbol

Db

Coins

100, 250, 500, 1000, 2000 dobra

Banknotes

5000, 10,000, 20,000, 50,000, 100,000 dobra

Central bank

Banco Central de São Tomé and Príncipe

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.

BanknotesEdit

STD 50 dobra 1977 obv

A 50 dobra note from 1977.

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.

CoinsEdit

STD 50 centimo 1977

A 50 cêntimo coin from 1977.

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 ratesEdit

Historical exchange ratesEdit

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 PortugalEdit

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 ratesEdit

 v · d · e
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 referencesEdit

1912 double eagle obv Currency Wiki has 6 images related to São Tomé and Príncipe dobra.
 v · d · e
São Tomé and Príncipe dobra
Coins 50 c1 Db2 Db5 Db10 Db20 Db50 Db100 Db250 Db500 Db1000 Db2000 Db2500 Db3500 Db5000 Db10,000 Db15,000 Db25,000 Db
Banknotes 50 Db100 Db500 Db1000 Db5000 Db10,000 Db20,000 Db50,000 Db100,000 Db
Miscellaneous CentimoCentral Bank of São Tomé and Príncipe

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