Currency Symbol STD (Sao Tome & Principe Dobra)

DEFINITION of 'Currency Symbol STD (Sao Tome & Principe Dobra)'

The currency abbreviation for the São Tomé & Príncipe dobra (STD), the currency for São Tomé & Príncipe. The São Tomé & Príncipe dobra is often presented with the symbol Db, and is made up of 100 cêntimos, although inflation has made cêntimos virtually worthless.

BREAKING DOWN 'Currency Symbol STD (Sao Tome & Principe Dobra)'

The dobra replaced the previous currency of São Tomé & Príncipe, the escudo, at a rate of 1:1 in 1977. At this time, coins were struck in cêntimos and lower denomination dobras (one, two and five dobra coins ). Rampant inflation made these coins obselete and in 1997, new coins were created with higher denominations (500, 1,000 and 2,000 dobra coins) to keep up with rising prices.