Philippine peso
| Piso ng Pilipinas (Filipino) | |
|---|---|
NGC Series ₱20 (obverse) | |
| ISO 4217 | |
| Code | PHP (numeric: 608) |
| Subunit | 0.01 |
| Unit | |
| Symbol | ₱ |
| Denominations | |
| Subunit | |
| 1⁄100 | sentimo (or centavo) |
| Banknotes | |
| Freq. used | ₱50, ₱100, ₱500, ₱1000 |
| Rarely used | ₱20, ₱200 |
| Coins | |
| Freq. used | 25¢, ₱1, ₱5, ₱10, ₱20 |
| Rarely used | 1¢, 5¢ |
| Demographics | |
| User(s) | Philippines |
| Issuance | |
| Central bank | Currency Reserve Fund of the Philippine Treasury (1918-1949) Bangko Sentral ng Pilipinas |
| Website | www |
| Printer | The Security Plant Complex |
| Mint | The Security Plant Complex |
| Valuation | |
| Inflation | 1.5%[1] |
| Source | Philippine Statistics Authority, August 2025 |
| Method | CPI |
The Philippine peso, also referred to by its Filipino name piso (Philippine English: /ˈpɛsɔː/ PEH-saw, /ˈpiː-/ 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.
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 January 3, 1949, 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]
- ^ "Consumer Price Index and Inflation Rate". www.psa.gov.ph. Retrieved September 10, 2025.
- ^ "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.
- ^ "BSP launches design contest for new". CNN Philippines. Archived from the original on June 11, 2021. Retrieved June 12, 2021.
- ^ "The New BSP Complex Design Competition". www.bsp.gov.ph. Retrieved June 24, 2025.