The island state of São Tomé and Príncipe is the former Portuguese colony located on two archipelagos. Two largest islands are called Príncipe (Prince) and São Tomé (St.Thomas). Previously uninhabited, the islands were used by colonists as sugarcane plantations, for which numerous slaves were brought there. Nowadays, the majority of population of São Tomé and Príncipe islands belongs to mixed origin descendants of European colonists and former slaves from Africa. They speak Portuguese as their native and official language. The state became independent in 1975. The legal tender bank notes and coins of São Tomé and Príncipe are called dobras. It is linked to euro since 2010 due to agreement of Sao Tome with Portugal, signed to stabilize the economy of the island state.
After the decline of sugar producing the islands started to grow cocoa and coffee. Modern São Tomé and Príncipe remains the key exporter of cocoa. The main trading partner of the country is Portugal, where the majority of good are imported from. The second smallest country of the continent is poor, hardly earning the funds to sustain the economy, but politically is one of the most democratic African states. The mixed Portuguese and African influences are noticeable in São Tomé’s culture, cuisine, music, religion and lifestyle in general. Currently, São Tomé and Príncipe tries to develop tourism; its climate conditions and geographic location promote building beach resorts.
The island state issues the commemorative coins of São Tomé, which are desirable rarities among the numismatic lovers. The pieces usually are very spectacular and made of fine precious metal. Some valuable São Tomé and Príncipe coins have unusual features such as various shapes and fantasy decorations, besides they are very good investments. Dobras’ denominations often are huge because of constant inflation on São Tomé and Príncipe. The first own money coined by Sao Tome are legal tender still, but they’re rare in circulation due to their extremely small value. Previous currency of colonial times São Tomé was escudo. Unique collectable coins of São Tomé and Príncipe Islands are available online at Coinsberg.com. Any order will be shipped worldwide; shipping is free.
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