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Obverse of 1997 1000 Dobra
Obverse of 1997 São Tomé and Príncipe 1000 Dobra

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Reverse of 1997 1000 Dobra
Reverse of 1997 São Tomé and Príncipe 1000 Dobra

A Brief History of São Tomé and Príncipe
Sao Tome and Principe is an island nation off the mid-western coast of Africa, consisting of two main islands, Sao Tome and Principe respectively. These islands were first colonised by the Portuguese in the 16th Century, and were governed by the Portuguese until 1975, following the Carnation Revolution of 1974 in Portugal which saw the rapid decolonisation of the Portuguese Empire.
The economy of this tiny country (population c.164,000) is heavily dependent on agricultural exports (particularly cocoa). However, recent discoveries of oil in the surrounding seas have promised to revolutionise the local economy.

Coinage of Sao Tome
Prior to 1977, this former Portuguese colony used the Escudo, based on the Portuguese Escudo and valued at par. In 1977, shortly after being granted independence from Portugal, this currency unit was replaced at par by the Dobra, which was eventually floated. Catastrophically high inflation saw the Dobra devalued to become, in 2009, the least valued currency unit in the world, worth only 17,500 to the US Dollar. The centavo, formerly the sub-unit of the Dobra, has for obvious reasons, fallen into disuse.
Since 2010, following a deal with Portugal, the Dobra has been linked to the Euro in order to ‘guarantee stability’ and attract foreign investment.

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If you are interested in coins from São Tomé and Príncipe please see our product index:-
São Tomé and Príncipe Coins

Gold Coins
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São Tomé and Príncipe Gold Coins



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