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The Philippine peso, also referred to by its Filipino name piso (Philippine English: / ˈ p ɛ s ɔː / PEH-saw, / ˈ p iː-/ PEE-, plural pesos; Filipino: piso [ˈpisɔː, ˈpɪsɔː]; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 sentimo, also called centavos.
New Generation Currency Series banknotes. Early issue 1896 10 pesos note from El Banco Español-Filipino (1896). Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas (formerly the Central Bank of the Philippines) for circulation in the Philippines.
The new design of the 1000-peso bill would later be adopted for the 50-peso, 100-peso, and 500-peso bills as part of the First Philippine polymer series, which was unveiled in December 2024. Each bill also featured a different set of species, also replacing the images of Philippine heroes, which continues to be criticized by civil groups. [10] [11]
The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen.
The Philippine one hundred-peso note (Filipino: Sandaang Piso) (₱100) is a denomination of Philippine currency. Philippine president Manuel A. Roxas is currently featured on the front side of the bill, while the Mayon Volcano and the whale shark (locally known as butanding) are featured on the reverse side.
The Philippine five hundred-peso note (Filipino: Limandaang Piso) (₱500) is a denomination of Philippine currency. President Corazon Aquino and her husband, Senator Benigno Aquino Jr. are currently featured on the front side of the note, while the Puerto Princesa Subterranean River National Park and the blue-naped parrot are featured on the reverse side.
The New Design Series (NDS) (also known as the BSP Series after the establishment of the Bangko Sentral ng Pilipinas) was the name used to refer to the banknotes of the Philippine peso conceptualized from 1983 to 1985, issued from 1985 to 2013 and circulated from 1985 to 2019 including commemorative notes, and coins issued from 1995 to 2017.
The Philippine twenty-peso note (Filipino: Dalawampung piso (formal), bente pesos ) (₱20) is a denomination of Philippine currency. It is the smallest banknote denomination in general circulation in the Philippines.