Philippine peso
Currency of the Philippines / From Wikipedia, the free encyclopedia
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The Philippine peso, also referred to by its Filipino name piso (Philippine English: /ˈpɛsɔː/ PEH-saw, /ˈpiː-/ PEE-, plural pesos; Filipino: piso [ˈpiso, pɪˈso]; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 sentimo, also called centavos.
Piso ng Pilipinas (Filipino) | |
---|---|
ISO 4217 | |
Code | PHP (numeric: 608) |
Subunit | 0.01 |
Unit | |
Symbol | ₱ |
Denominations | |
Subunit | |
1⁄100 | sentimo (or centavo) |
Banknotes | |
Freq. used | ₱20, ₱50, ₱100, ₱500, ₱1000 |
Rarely used | ₱200 |
Coins | |
Freq. used | ₱1, ₱5, ₱10, ₱20 |
Rarely used | 1¢, 5¢, 25¢ |
Demographics | |
User(s) | Philippines |
Issuance | |
Central bank | Bangko Sentral ng Pilipinas |
Website | www |
Printer | The Security Plant Complex |
Website | www |
Mint | The Security Plant Complex |
Website | www |
Valuation | |
Inflation | 4.9%[1] |
Source | Philippine Statistics Authority, November 2023 |
Method | CPI |
The peso has the symbol "₱", introduced during American rule in place of the original peso sign "$" used throughout Spanish America.[2] Alternative symbols used are "PHP", "PhP", "Php", or just "P".
The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on July 3, 1993, as its central bank. It produces the country's banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac.[3][4]