Philippine peso PHP

The Philippine peso is the official currency of the Philippines. One peso is divided into 100 centavos. Banknotes in circulation include denominations of 20, 50, 100, 200, 500, and 1000 pesos, and coins are available in 1, 5, 10, 20 pesos and 1, 5, 10, 25 centavos.

History of the Philippine Peso

The Philippine peso is derived from the Spanish peso, which was brought to the Philippines in large quantities by the Spanish during the 16th to 19th centuries. The peso became the official currency in 1949, when the country gained independence, and the Central Bank of the Philippines was established in the same year.

Interesting Facts about the Philippine Peso

The Philippine peso is symbolized by ₱. This symbol actually represents the original peso or dollar sign, which is also used on the US dollar. However, to distinguish it from other countries, the Filipinos use an alternative dollar sign symbol, the "₱" symbol.