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The Philippine peso, also referred to by its Filipino name piso (Philippine English: / ˈ p ɛ s ɔː / PEH-saw, / ˈ p iː-/ PEE-, plural pesos; Filipino: piso [ˈpisɔː, ˈpɪsɔː]; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 sentimo, also called centavos.
Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas (formerly the Central Bank of the Philippines) for circulation in the Philippines. The smallest amount of legal tender in wide circulation is ₱20 and the largest is ₱1000. The front side of each banknote features prominent people along with buildings, and events ...
This infobox shows the latest status before this currency was rendered obsolete. During World War II in the Philippines , the occupying Japanese government issued a fiat currency in several denominations; this is known as the Japanese government–issued Philippine peso (see also Japanese invasion money ). [ 1 ]
The New Generation Currency (NGC) Series is the name used to refer to the Philippine peso currency series conceptualized from 2007 to 2010, and banknotes issued since 2010 and coins issued since 2017. [1] The series uses the Myriad and Twentieth Century typefaces.
The establishment of a monetary authority became imperative a year later as a result of the findings of the Joint Philippine-American Finance Commission chaired by Cuaderno. The commission, which studied Philippine financial, monetary, and fiscal problems in 1947, recommended a shift from the dollar exchange standard to a managed currency ...
The Bangko Sentral ng Pilipinas introduced the one thousand peso denomination in December 1991 during the presidency of Corazon Aquino and tenure of BSP Governor Jose L. Cuisia Jr. [2] The note features the portraits of former Chief Justice José Abad Santos; Josefa Llanes Escoda, civic worker and one of the founders of the Girl Scouts of the Philippines; and Vicente Lim, a general in the ...
The template supports inflation calculation, by way of {{}}.If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1899 ≤ year < 2021), the equivalent value represented in 2021 pesos will be calculated in parentheses.
The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen.