The national currency unit is the Philippinespeso (from Philippine piso), which is equal to 100 cents or centimos. Centavo - domestic currency, introduced in the early years of independence, the Philippine country. The colonial years in circulation were "real", with their arrival to the public and began an era of monetary relations. International code of the Philippine currency is - PHP. Designation of the Philippine peso is crossed letter «P»: ₱, as strikethrough and may be accompanied by one line. The peso is usually denoted by Latin letter (P). Sign peso (₱) is placed before the amount and the sign of centavos (c) always comes after the amount. On the Philippine banknotes portrait Ninoy Aquino (great leader of the Philippine opposition, who was later expelled from the country sentenced to death).
Banknotes and coins on the territory of the Philippines
Mainly used in the Philippinescoins of small denominations of 5, 10 and 20 pesos, as the price level is quite low. The appeal also are banknotes in denominations of 5, 10, 20, 50, 100, 200, 500 and 1,000 pesos, but for a long time small banknotes in 5,10 and 20 pesos are no longer printed, they are simply replaced by coins. All bills have more than two modifications. On the new banknotes displayed signature of the President of the Philippines Gloria Macapagal-Arroyo and the head of the Central Bank of Rafael Buenaventura. One of the Philippine banknotes honored to receive a place of honor, and was entered in the Guinness Book of Records - banknote denominations of 100 thousand pesos, published in 1988, was recognized as the largest denomination in the size of 216x356 mm.
Currency Exchange in Philippines
The exact exchange rate is granted onlycentral banks of the capital - Manila. The other exchange offices, the rate is much lower than the average. You can exchange currency, you can at airports, banks or special exchange offices.
Import of currency in the Philippines is not limited, it is possible to take up to 1,000 pesos. When exchanging currency, it is desirable to keep the bank checks, in case you want to change pesos back to the desired currency.
Accepted in all major institutions of the country. There are cases that the foreign currency exchange, occurring complexity and problems of various kinds, so it is better to take with dollars at exchange dollars for pesos problems should not arise.