What is Philippine peso (PHP)

575 views
0

The Philippine peso (PHP), or “piso” in Filipino, is the official currency of the Philippines. It’s subdivided into 100 centavos, or “sentimos” in Filipino. The symbol of the Philippine peso is ₱.

History

  • In 1898, the country issued its currency backed by the Philippines’ natural resources.
  • In 1902, the US captured the Philippines and established a new currency pegged to gold, about half the price of a US dollar then.
  • In 1993, the Philippine peso became a floating currency.

Philippine peso (PHP) profile

Symbols
Nicknames None
ISO 4217 code PHP
Central bank Bangko Sentral ng Pilipinas
Currency subunits Sentimo = 1/100
Denominations Banknotes: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1,000
Coins: 1, 5, 10, 25 sentimos, ₱1, ₱5, ₱10, ₱20
Countries using this currency Philippines
Currencies pegged to PHP None
PHP is pegged to None
5/5 - (7 votes)

Top 5+ Loans Online with Low Interest Rate in the Philippines

Loans Philippines Changed status to publish November 30, 2022