São Tomé and Príncipe Dobra (Old)
STDOfficial currency of São Tomé and Príncipe
About the São Tomé and Príncipe Dobra (Old)
The old Dobra (STD) was introduced in 1977, replacing the Portuguese Escudo. It was in circulation until a redenomination in 2018 due to significant inflation.
The name 'Dobra' is an old Portuguese term for a gold coin, referring to 'double'.
Interesting Facts
Replaced by a New Dobra
In 2018, due to persistent inflation, the old Dobra (STD) was replaced by a new Dobra (STN), with 1,000 old Dobras exchanging for 1 new Dobra.
Oil Hopes
Despite its small size, São Tomé and Príncipe has offshore oil reserves. Hopes for oil wealth have historically influenced economic expectations and currency stability.
Cocoa and Coffee
The economy is traditionally based on cocoa and coffee exports, which remain important for foreign exchange earnings.
Historical Timeline
São Tomé and Príncipe gains independence from Portugal.
The Dobra (STD) is introduced.
The new Dobra (STN) is introduced, redenominating the currency by 1,000 to 1.
Denominations
Banknotes
Security Features
Quick Facts
- ISO Code
- STD
- Symbol
- Db
- Numeric Code
- 678
- Subunit
- Cêntimo (1/100)
- Introduced
- 1977-01-01
Central Bank
- Name
- Central Bank of São Tomé and Príncipe
- Headquarters
- São Tomé, São Tomé and Príncipe
- Founded
- 1975
- Current Governor
- Américo Ramos (since 2016)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
Exchange Rates
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