Regulatory Alerts2009-12-24
Regulation (NAP) - Amendment of the Exchange Rate Regime
The Central Bank of São Tomé and Príncipe mandates a fixed exchange rate regime between the Dobra and the Euro, establishing it as the reference parity for all foreign exchange operations. The specific fixed rate value and maximum intermediary commissions charged by authorized operators shall be determined through official Central Bank notices. Effective 1 January 2010, this regulatory amendment aligns the national currency framework with structural economic characteristics and supports macroeconomic stability under the 2009 Economic Cooperation Agreement with Portugal.
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