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Philippine peso

Philippine peso
piso ng Pilipinas (Filipino)
Philippine twenty peso notePhilippine fifty peso notePhilippine one hundred peso notePhilippine two hundred peso notePhilippine five hundred peso notePhilippine one thousand peso notePhilippine one centavo coinPhilippine five centavo coinPhilippine twenty-five centavo coinPhilippine one peso coinPhilippine five peso coinPhilippine ten peso coinPhilippine twenty peso coinNew Generation Currency Series banknotes.
About this image
New Generation Currency Series banknotes and coins. Also shown is the newly-minted ₱20 coin
ISO 4217
CodePHP
Number608
Denominations
Subunit
 ​1100Sentimo or centavo
Symbol
Banknotes
 Freq. used₱20, ₱50, ₱100, ₱500, ₱1000
 Rarely used₱200
Coins
 Freq. used₱1, ₱5, ₱10, ₱20
 Rarely used, , 10¢, 25¢
Demographics
User(s) Philippines
Issuance
Central bankBangko Sentral ng Pilipinas
 Websitewww.bsp.gov.ph
PrinterThe Security Plant Complex
 Websitewww.bsp.gov.ph
MintThe Security Plant Complex
 Websitewww.bsp.gov.ph
Valuation
Inflation2.5%[1]
 SourcePhilippine Statistics Authority, December 2019
 MethodCPI

The Philippine peso, also referred to by its Filipino name piso (Philippine English: /ˈpɛs/, /ˈp-/, plural pesos; Filipino: piso [ˈpiso, pɪˈso]; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 centavos or sentimos in Filipino. 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 the usage of the Filipino language on banknotes and coins, the term "piso" is now used.[4]

The Philippine peso sign is denoted by the symbol "₱", introduced under American rule in place of the original peso sign "$" used throughout Hispanic Latin America.[5] Alternative symbols used are "PHP", "PhP", "Php", or just "P".

Banknotes and coins of the Philippines are minted and printed at the Security Plant Complex of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) in Quezon City.[6][7]

  1. ^ "Inflation rates". www.psa.gov.ph. Retrieved January 15, 2020.
  2. ^ "Archived copy" (PDF). Archived from the original (PDF) on December 15, 2017. Retrieved August 6, 2018.CS1 maint: archived copy as title (link)
  3. ^ "ISO 4217 AMENDMENT NUMBER 168" (PDF). www.currency-iso.org. August 2, 2018. Retrieved September 26, 2019.
  4. ^ From September 2017 to August 2, 2018, the ISO 4217 standard referred to the currency by the Filipino term "piso".[2] It has since been changed back to "peso".[3]
  5. ^ Shafer, Neil (1964). A Guide Book of Philippine Paper Money. Whitman Publishing. p. 19. ASIN B0007EJ9OC. Retrieved January 26, 2019.
  6. ^ "Overview of the BSP". Bangko Sentral ng Pilipinas (BSP) Official Website. Retrieved on October 1, 2013.
  7. ^ "Compare currencies in South East Asia". aroundtheworldinaday.com. Archived from the original on July 19, 2014. Retrieved July 15, 2014.

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