São Tomé and Príncipe Dobra (STN)

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. Here is some detailed information about São Tomé and Príncipe Dobra:

1. History: São Tomé and Príncipe Dobra has been the official currency of the country since its independence in 1975. It replaced the Portuguese Escudo, which was previously used during the colonial period.

2. Subunits: The São Tomé and Príncipe Dobra is divided into 100 cêntimos, although the use of cêntimos is not common in practice, and the Dobra itself is primarily used.

3. Banknotes: The banknotes of São Tomé and Príncipe Dobra are issued in denominations of 5, 10, 20, 50, 100, 200, 500, 1000, 2000, and 5000 Dobras. These banknotes feature various local cultural and historical landmarks.

4. Coins: The coins of São Tomé and Príncipe Dobra come in denominations of 1, 2, 5, 10, 20, and 50 cêntimos, as well as 100 Dobras. However, as mentioned earlier, the use of cêntimos is not widespread.

5. Exchange Rate: The exchange rate of São Tomé and Príncipe Dobra can fluctuate based on economic factors and international currency markets. It is often quoted against major currencies such as the Euro (EUR).

6. Usage: The São Tomé and Príncipe Dobra is the legal tender currency used within the country. It is used for daily transactions, including trade, tourism, and local economic activities.

The monetary policy of São Tomé and Príncipe is managed by the Central Bank of São Tomé and Príncipe, which is responsible for controlling the money supply and ensuring the stability of the Dobra.

In conclusion, São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe. It is used for everyday transactions within the country and is managed by the Central Bank of São Tomé and Príncipe. The currency is available in both banknotes and coins, with various denominations. The exchange rate of the São Tomé and Príncipe Dobra can vary based on economic factors and international currency markets.