PHP (₱)

Currency: Philippine peso

The Philippine peso is the official currency of the Philippines. One US dollar is worth around 50.00 PHP. The Philippine peso is the currency of the Philippines. It was first introduced in 1852, replacing the Spanish dollar. The peso is divided into 100 centavos. The currency is issued by the Bangko Sentral ng Pilipinas. The Philippine peso has been subject to high inflation, so banknotes are issued in denominations as high as 1,000 pesos. The Philippine peso is widely used in the Philippines and is often used for transactions in neighboring countries.