Philippine Money
The
currency in the Philippines is the Philippine peso (or officially
piso), divided into 100 centavos (officially centimo). Its international
abbreviation is PHP. Currently (January 2011), the U.S. dollar is worth
about 44 pesos, and the euro about 60 pesos (daily update rates are on our Exchange Rate page).
Current are coins of 1, 5, 10, and 25 centavos and 1 and 5 pesos, and
bank notes of 5, 10, 20, 50, 100, 200, 500 and 1000 pesos. Five and ten
peso note is no longer printed, but still legal tender. The coins can be
seen on a separate page.
In 1997, all old Philippine currency was replaced by new banknotes and coins, which are now the only ones valid. Older notes cannot be used anymore. If you are interested in what the old notes looked like, just have a look at our old Philippine money page.
In December 2010, a new series of banknotes was announced. The old notes will remain valid for at least three more years. New coins have been announced for 2012.
BANKO CENTRAL
In 1997, all old Philippine currency was replaced by new banknotes and coins, which are now the only ones valid. Older notes cannot be used anymore. If you are interested in what the old notes looked like, just have a look at our old Philippine money page.
In December 2010, a new series of banknotes was announced. The old notes will remain valid for at least three more years. New coins have been announced for 2012.
BANKO CENTRAL
The 5 peso note depicts Emilio Aguinaldo, a Philippine resistance hero who first fought the Spanish, and later the American occupiers of the country. The first president of the Philippines. On the reverse you can see the proclamation of Philippine independence, from the balcony of Aguinaldo's house. You won't find this note much in circulation today, as it has been replaced by a 5 peso coin.