The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, an island nation located in the Gulf of Guinea, off the western coast of Central Africa.
The Central Bank of São Tomé and Príncipe is responsible for issuing and managing the Dobra.
Subdivisions and Denominations
The São Tomé and Príncipe Dobra are subdivided into 100 smaller units called cêntimos.
However, due to inflation, cêntimo coins are no longer in circulation.
Coins are issued in denominations of 5, 10, and 20 dobras, while banknotes are available in denominations of 5, 10, 20, 50, 100, and 200 dobras.
Exchange Rate
The value of the São Tomé and Príncipe Dobra against other currencies is determined by market forces and is subject to fluctuations based on various factors, such as inflation, interest rates, economic growth, and geopolitical events.
To find the current exchange rate between the São Tomé and Príncipe Dobra and other currencies, you can consult financial sources or use currency converter tools.
Economy
São Tomé and Príncipe has a small, developing economy that relies primarily on agriculture, tourism, and foreign aid. The main agricultural products are cocoa, coffee, copra, and palm oil.
The country’s tourism industry has been growing in recent years, with visitors attracted to its natural beauty, biodiversity, and cultural heritage.
Challenges and Prospects
São Tomé and Príncipe faces several economic challenges, including its small size, limited natural resources, and vulnerability to external shocks, such as fluctuations in commodity prices and adverse weather conditions.
Additionally, the country relies heavily on foreign aid and external financing to support its budget and development projects.
To achieve long-term economic growth and stability, São Tomé and Príncipe must focus on diversifying its economy, improving infrastructure, investing in human capital development, and promoting sustainable tourism.
The government has implemented various reforms and development initiatives aimed at addressing these challenges, such as the National Development Strategy 2030, which focuses on economic diversification, social development, and environmental sustainability.
Summary
In summary, the São Tomé and Príncipe Dobra is the official currency of São Tomé and Príncipe, managed by the Central Bank of São Tomé and Príncipe.
The currency is subdivided into cêntimos, although cêntimo coins are no longer in circulation. Coins and banknotes are available in various denominations.
The value of the Dobra against other currencies is determined by market forces. São Tomé and Príncipe has a small, developing economy that relies primarily on agriculture, tourism, and foreign aid, and the country faces challenges related to its small size, limited resources, and reliance on external financing.
Efforts to diversify the economy, invest in sustainable development, and implement economic reforms may improve its economic prospects.