The São Tomé and Príncipe monetary unit refers to the official currency of the Democratic Republic of São Tomé and Príncipe, a small island nation in Africa. The monetary unit is known as the Dobra (STD) and serves as the legal tender for all financial transactions within the country.
The Dobra is subdivided into 100 units called centimos and is issued by the Central Bank of São Tomé and Príncipe. The currency is represented by a variety of banknotes, including denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 Dobras, and coins in smaller denominations.
The São Tomé and Príncipe monetary unit, the Dobra, holds its value based on the country's economic stability and monetary policies established by the central bank. Like other currencies, its exchange rate fluctuates relative to other currencies in the international foreign exchange market.
The Dobra mainly circulates within São Tomé and Príncipe as its legal tender for commerce, both in physical cash and electronically. The currency is primarily used for daily transactions such as purchasing goods and services, payment of bills, and remittance between individuals and businesses.
Overall, the São Tomé and Príncipe monetary unit, the Dobra, plays an integral role in the economic framework of São Tomé and Príncipe, facilitating domestic transactions and supporting the country's financial stability and economic growth.
