TOEIC Test uncovered: Your path to business English proficiency
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The São Tomé and Príncipe Dobra (STD) was the currency of São Tomé and Príncipe until it was replaced by the New Dobra (STN) in 2018. The redenomination aimed to simplify transactions and reduce inflation’s impact by replacing 1,000 old dobras with 1 new dobra. The currency, issued by the Central Bank of São Tomé and Príncipe, played a crucial role in the nation’s economy, which is largely dependent on cocoa exports and international aid. Due to its limited economic scale, São Tomé and Príncipe also maintains close financial cooperation with Portugal and international institutions. The adoption of the new dobra has helped to stabilize the currency, making trade and banking operations more efficient.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.