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Philippine Peso (PHP)

Philippine Peso · ₱ · Official currency of the Philippines

History

The Philippine peso (₱) traces its origins to the peso system used during Spanish colonial rule. The current 'New Generation Currency' series has been gradually introduced since 2010.

Banknote Denominations

Six denominations circulate: ₱20, ₱50, ₱100, ₱200, ₱500, and ₱1,000, featuring historical Filipino figures along with the country's natural and cultural heritage. Polymer versions have recently been issued alongside paper notes.

Traveler Tips

In big cities like Manila, card and mobile payments (like GCash) are spreading quickly, but cash is still essential in the provinces and at small shops. Exchanging at a bank or a licensed money changer in the city generally gets a better rate than at the airport. Small bills are especially handy for paying jeepney or tricycle fares.

Issuing authority
Bangko Sentral ng Pilipinas (BSP)
Introduced
Founded 1993
Sub-unit
1 peso = 100 centavos

You can view the real banknote designs on the Bangko Sentral ng Pilipinas's official page.

See Philippine Peso banknotes at today's exchange rate →