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LOCAL CURRENCY IN PHILIPPINES

Want to know the local currency in Philippines? The money used in Philippines is called Peso.

The Philippine Peso is issued and managed by the Bangko Sentral ng Pilipinas. To find out the current currency exchange rates for Peso to other major currencies of the world, click on foreign currency rates.

Philippine Currency Information
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The currency used in Philippines is called as the Peso. This currency is denoted with the currency sign PhilippinePeso.svg (? in unicode) and the ISO 4217 Code for the Philippine Peso is PHP. The Peso, is the official currency of the Philippines . It is divided into 100 smaller units called sentimo (Filipino) céntimo or centavo (Spanish).

The constitution of Philippines provides that the Philippines government shall have the power to print the Philippine Peso and sentimo (Filipino) céntimo or centavo (Spanish) coins to be used as a legal tender in Philippines. The Philippine Peso bank notes and Sentimo (Filipino) Céntimo Or Centavo (Spanish) coins are both designated as "legal tender" in payment of debts.

The Philippine Peso bill uses the decimal system, consisting of 100 equal units.

The symbol PhilippinePeso.svg (? in unicode), usually written before the numerical amount, is used for the Philippine Peso.

Currently printed bank notes denominations are 20, 50, 100, 200, 500, 1000 piso 5, 10 piso and the coins are minted in the denominations of 25 sentimo, 1, 5, 10 piso 1, 5, 10 sentimo.

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The Effect of Balance of Trade and Investment on the Value of Philippine Peso
Financial analysts regularly cite the balance of trade and investment in Philippines as the most important influence on the value of the Peso. The difference between what the Philippines exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Peso exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Peso exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Philippine Peso.
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