Philippine peso

Philippine peso
Piso ng Pilipinas (Filipino)
New Generation Currency Series banknotes.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 coin
New Generation Currency Series banknotes.
ISO 4217
CodePHP (numeric: 608)
Subunit0.01
Unit
Symbol
Denominations
Subunit
1100sentimo (or centavo)
Banknotes
 Freq. used₱20, ₱50, ₱100, ₱200, ₱500, ₱1000
Coins
 Freq. used₱1, ₱5, ₱10, ₱20
 Rarely used, , 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
Inflation4.9%[1]
 SourcePhilippine Statistics Authority, November 2023
 MethodCPI

The Philippine peso, also referred to by its Filipino name piso (Philippine English: /ˈpɛsɔː/ PEH-saw, /ˈp-/ 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.

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]

  1. ^ "Consumer Price Index and Inflation Rate". www.psa.gov.ph. Retrieved November 23, 2023.
  2. ^ "Executive orders and proclamations issued by the governor-general. [1903]". UM Library Digital Collections. University of Michigan. 1903. p. 89. Archived from the original on August 17, 2020. Retrieved August 17, 2020.
  3. ^ "Overview of the BSP". Bangko Sentral ng Pilipinas (BSP) Official Website. Retrieved on October 1, 2013.
  4. ^ "BSP launches design contest for new". CNN Philippines. Archived from the original on June 11, 2021. Retrieved June 12, 2021.

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