Sao Tome and Principe dobra (STN)

The São Tomé and Príncipe dobra (ISO code: STN) was introduced in January 2018, redenominated at a rate of 1 new dobra to 1,000 old dobras (STD). Subdivided into 100 cents, it is issued by the Central Bank of São Tomé and Príncipe. Under a national financial agreement signed with Portugal, the STN is pegged to the euro at a fixed exchange rate of 24.5 dobras per euro to ensure monetary stability for the island nation.