Sao Tome e Principe to redenominate its currency?

The Banco Central de Sao Tome e Principe has plans to redenominate its national currency of the dobra. This move would result in banknotes with three zeros less. According to the constitution such a decision would have to be approved by the National Assembly and they haven't dicussed it yet. The printing process however has supposedly already started.

Steven Friday 22 July 2016 at 10:04 am | | news
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