Philippine Peso

The Philippine Peso (PHP) is the official currency of the Philippines, used for daily transactions, savings, and investments within the country. It functions as a medium of exchange, a store of value, and a unit of account, facilitating economic activities and trade. The peso’s value fluctuates based on economic factors, government policies, and global markets. Issued and regulated by the Bangko Sentral ng Pilipinas, its denominations include coins and banknotes. As a national currency, it reflects the Philippines’ economic health and plays a vital role in the country’s financial system.