Sao Tome and Principe Dobra (STN) is an island nation located on the west coast of the Gulf of Guinea. The official currency of Central Africa.
The Central Bank of Sao Tome and Principe is responsible for issuing and managing dobras.
Segments and denominations
São Tomé and Príncipe Dobra is divided into 100 smaller units called cêntimos.
However, due to inflation, centimo coins are no longer in circulation.
Coins are available in denominations of 5, 10 and 20 dobras and banknotes are available in denominations of 5, 10, 20, 50, 100 and 200 dobras.
Exchange rate
The value of the Sao Tome and Principe Dobra against other currencies is determined by market forces and will fluctuate due to a variety of factors including inflation, interest rates, economic growth, and geopolitical events.
To find current exchange rates between the Sao Tome and Principe Dobra and other currencies, you can consult a financial source or use a currency conversion tool.
Economic
Sao Tome and Principe’s economy is small and developing, relying mainly on agriculture, tourism and foreign aid. The main agricultural products are cocoa, coffee, copra, and palm oil.
The country’s tourism industry has grown in recent years, with tourists attracted by its natural beauty, biodiversity and cultural heritage.
Challenges and prospects
Sao Tome and Principe faces several economic challenges, including its small size, limited natural resources, and vulnerability to external shocks such as commodity price fluctuations and adverse weather conditions.
Furthermore, 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, Sao Tome and Principe must focus on diversifying its economy, improving infrastructure, investing in human capital development and promoting sustainable tourism.
The government has implemented various reform 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 Sao Tome and Principe Dobra is the official currency of Sao Tome and Principe and is administered by the Central Bank of Sao Tome and Principe.
Currency was subdivided into cents, although cent coins are no longer in circulation. Coins and banknotes come in many denominations.
The value of Dobra relative to other currencies is determined by market forces. Sao Tome and Principe is a small developing economy that relies mainly on agriculture, tourism and foreign aid. The country faces challenges such as 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.
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