- Monetary unit:
- Country code:
- Philippines, Republic
- Peso Philippines
- of 298 170 sq. km
- Philippine (state)
- PH (PHL) 608
Leading world currency of a monetary system of Republic Philippines is the peso Philippines which consists from 100 centavo. Two or more modifications have almost all denominations. Issues of denominations 2007 and also are identical 2008 on the appearance to the previous issues. It is possible to tell, this series is similar to a series of 2001 of issue. Decor practically does not differ.
In territory of Philippines in circulation there are denominations of denomination 20, 50, 100, 200, 500, 1000, peso. As the emitter the country Central bank acts. To exchange currency in territory of Philippines does not make special work. Exchange is manufactured in exchange offices. For a return exchange of peso Philippines the document that the native currency is purchased on territory of the country is necessary. In big cities, as a rule, it is possible to interchange pounds sterling and euro. Within the country it is possible to pay the American dollars which sometimes even are more convenient at payment, than tourist checks. Prices of goods, as a rule, are indicated both in the domestic currency, and in dollars.
In 2009 the Central bank of Philippines has begun modernisation of notes and coins for the further increase of their protection and hardness improvement. The new design of notes bears the plotting of known Filipinos and sign natural places of interest. Notes of back issues remain the lawful legal tender, at least as early as three years. The Philippine notes in new design have been manufactured on December, 16th, 2010.
Free importation and exportation of foreign money is supposed. Importation and domestic currency exportation is not allowed.
It is updated 04.2012