Sao Tomean Dobra
The Sao Tomean Dobra is the official currency of Sao Tome and Principe, a small island nation located in the Gulf of Guinea, off the western coast of Africa. Introduced in 1977, the Dobra is named after the Portuguese word for "doubloon," a type of gold coin. The currency is denoted by the symbol "Db" and is subdivided into 100 centimos.
The Dobra has undergone several changes throughout its history. Initially, it was pegged to the Portuguese escudo at a 1:1 ratio. However, due to economic instability and inflation, the currency was devalued multiple times. In 2018, the Central Bank of Sao Tome and Principe introduced a new series of banknotes with enhanced security features to combat counterfeiting.
As an island nation heavily dependent on agriculture and tourism, the value of the Dobra is influenced by factors such as global commodity prices, foreign investment, and political stability. The currency's exchange rate fluctuates against major international currencies, making it important for travelers and investors to stay informed about current rates.
While the Sao Tomean Dobra may not be widely recognized outside of Sao Tome and Principe, it plays a crucial role in the country's economy. As the nation continues to develop and attract more visitors, the stability and strength of its currency will remain essential for sustainable growth.
Below is the related paper currencies in Sao Tomean Dobra.
2017 STN100