Philippine Currency - Philippine Peso
Philippine Peso (Original symbol: Ph.Pes.; Phil.P. Standard symbol: PHP)
The Philippines was once a colony of Spain and the United States; therefore, old banknotes circulated in the Philippines before World War II bore the words "Philippine Islands." On July 4, 1946, the Philippines declared independence, and the Philippine authorities declared these old banknotes invalid after the war.
Banknotes circulated after the war were overprinted with the word "VICTORY" on the pre-war versions. These banknotes lost their legal tender status in 1967.
The 1, 5, 10, 20, and 50 Peso notes (in Filipino) issued by the Central Bank of the Philippines after 1949, as well as the 1, 2, 5, 10, 30, 50, and 100 Peso notes (in English), also lost their legal tender status in 1974.
The Philippine Pesos currently in circulation were all issued in the 1980s. The 2, 5, 10, 20, 50, and 100 Peso notes issued in the 1970s have been withdrawn from circulation, with the redemption deadline being February 2, 1996.
Currency Value and Conversion
Banknote denominations include 100 Pesos, 50 Pesos, 20 Pesos, 10 Pesos, 5 Pesos, and 2 Pesos;
Coins include 1 centavo, 5 centavos, 10 centavos, 25 centavos, 50 centavos, 100 centavos, and 1, 2, and 5 Pesos.
1 PHP = 100 centavos
