Philippine peso | |
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Piso ng Pilipinas (Tagalog) | |
New Generation Currency banknotes, in current circulation.
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ISO 4217 | |
Code | PHP |
Denominations | |
Subunit | |
1⁄100 | Sentimo or centavo |
Symbol | ₱ |
Banknotes | |
Freq. used | ₱20, ₱50, ₱100, ₱500, ₱1000 |
Rarely used | ₱200 |
Coins | |
Freq. used | ₱1, ₱5, ₱10 |
Rarely used | 1¢, 5¢, 10¢, 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 | 3.4% (March 2017) |
Source | Bangko Sentral ng Pilipinas, February 2016 |
Method | CPI |
The Philippine peso (Philippine English pronunciation: /ˈpɛsoʊ/; Filipino: piso [ˈpiso] or [pɪ'so]; sign: ₱; code: PHP) is the official currency of the Philippines. It is subdivided into 100 céntimos (Filipino: sentimo). As a former colony of the United States, the country used English on its currency, with the word "peso" appearing on notes and coinage until 1967. Since the adoption of Filipino language for banknotes and coins, the term "piso" is now used.
The peso is usually denoted by the symbol "₱". Other ways of writing the Philippine peso sign are "PHP", "PhP", "Php", "P$", or just "P". The "₱" symbol was added to the Unicode standard in version 3.2 and is assigned U+20B1 (₱). The symbol can be accessed through some word processors by typing in "20b1" and then pressing the Alt and X buttons simultaneously. This symbol is unique to the Philippines as the symbol used for the peso in countries like Mexico and other former colonies of Spain in Latin America is "$".