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The Low Down on Philippine Currency
Currency: | Philippine peso |
Currency code: | PHP |
Central Bank: | Bangko Sentral ng Pilipinas |
Currency symbol: | ₱ (peso) |
Currency sub unit: | ¢ (sentimo or centavo) |
Bank notes: | ₱1, ₱5, ₱10, ₱20, ₱50, ₱100, ₱500 |
Coins: | 1¢, 5¢, 10¢, 25¢ |
The official currency of the Philippines is the peso, or ‘piso’ in Filipino - abbreviated to PHP.
Philippine banknotes and coins are minted exclusively by the Central Bank of the Philippines or Bangko Sentral ng Pilipinas in Quezon City. The peso has been used in its current form since 1949.
1 peso is divided into 100 centavos, and the most popular bills for Philippine peso are the 20, 50, 100, 500 and 1000 notes.
What to spend your pesos on:
Loaf of bread
8,000 PHP
1 litre of milk
77 PHP
Pair of jeans
1,920 PHP
Bottle of beer
90 PHP
Local bus ticket
8.5 PHP
International Money Transfer to the Philippines
Buying Philippine Pesos Online is Easy
Simply order your Philippine pesos online to lock in the rate, then choose to collect at your local store, at the airport before you fly, or get it delivered to your home!
FAQ Relating to Philippines Currency
Back to top- What’s the max. amount of pesos I can take into the Philippines?
The Central Bank of the Philippines only allows individuals to bring in a total of 50,000 pesos in the form of notes, coins, cheques or money orders. This rule applies to both tourists and residents of the Philippines. You may bring foreign currency in on top of this amount; if you’re travelling to the Philippines and need to take another currency you can buy additional currencies online here
- Can you use US dollars in the Philippines?
US dollars are sometimes accepted in larger cities such as Manila or Cebu, but are not widely accepted outside of these parts.
- Are credit cards accepted in the Philippines?
Visa and MasterCard are the most widely-accepted cards in the Philippines, however some establishments have a minimum spend requirement before credit cards will be accepted.