# Philippine peso

> official currency of the Philippines

**Wikidata**: [Q17193](https://www.wikidata.org/wiki/Q17193)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Philippine_peso)  
**Source**: https://4ort.xyz/entity/philippine-peso

## Summary
The Philippine peso (PHP) is the official currency of the Philippines, issued and regulated by the Bangko Sentral ng Pilipinas. It is subdivided into 100 centavos and is represented by the symbol ₱. The peso was first introduced in 1852 and serves as the primary medium of exchange for goods and services within the country.

## Key Facts
- **Official Currency**: The Philippine peso is the official currency of the Philippines, used for all domestic transactions.
- **ISO Code**: The ISO 4217 code for the Philippine peso is PHP.
- **Subdivision**: The peso is divided into 100 centavos.
- **Symbol**: The currency is represented by the symbol ₱.
- **First Issuance**: The peso was first introduced on May 1, 1852, replacing the Spanish dollar.
- **Central Bank**: The Bangko Sentral ng Pilipinas (BSP) is responsible for issuing and regulating the peso.
- **Digital Representation**: The peso is digitally represented by the Unicode character ₱ (U+20B1).
- **Related Entities**: The peso is a subclass of currency and is distinct from other monetary units like the peso of other countries.
- **Wikipedia Presence**: The Wikipedia article on the Philippine peso exists in multiple languages, reflecting its global documentation.
- **Aliases**: The peso is also referred to as the Philippine piso, peso, and other local names across different regions.
- **Technical Identifiers**: The peso has various technical identifiers, including P498: PHP, P5061: ₱, and P5063: i108744.
- **Start Time**: The peso was first introduced on May 1, 1852.

## FAQs
**What is the Philippine peso used for?**
The Philippine peso is the official currency of the Philippines and is used for all domestic transactions, including goods and services. It is issued and regulated by the Bangko Sentral ng Pilipinas.

**How is the Philippine peso subdivided?**
The peso is subdivided into 100 centavos, which are the smallest denominations of the currency.

**What is the symbol for the Philippine peso?**
The symbol for the Philippine peso is ₱, which is also represented by the Unicode character U+20B1.

**Who regulates the Philippine peso?**
The Bangko Sentral ng Pilipinas (BSP) is responsible for issuing and regulating the Philippine peso.

**When was the Philippine peso first introduced?**
The peso was first introduced on May 1, 1852, replacing the Spanish dollar.

## Why It Matters
The Philippine peso is a fundamental component of the Philippine economy, enabling trade, facilitating financial transactions, and serving as a store of value. Its issuance and regulation by the Bangko Sentral ng Pilipinas ensure economic stability and confidence in the currency. The peso's role in the country's financial system is crucial for economic growth and development, making it an essential element of the Philippines' economic infrastructure.

## Notable For
- **Official Currency**: The Philippine peso is the official currency of the Philippines, used for all domestic transactions.
- **ISO Code**: The ISO 4217 code for the Philippine peso is PHP, which is widely recognized internationally.
- **Subdivision**: The peso is divided into 100 centavos, providing a clear and consistent monetary system.
- **Symbol**: The symbol ₱ is widely recognized and used in financial transactions.
- **First Issuance**: The peso was first introduced on May 1, 1852, marking a significant milestone in the country's financial history.
- **Central Bank Regulation**: The Bangko Sentral ng Pilipinas plays a crucial role in issuing and regulating the peso, ensuring economic stability.
- **Digital Representation**: The peso is digitally represented by the Unicode character ₱, facilitating its use in digital transactions.

## Body
### Currency Overview
The Philippine peso is the official currency of the Philippines, issued and regulated by the Bangko Sentral ng Pilipinas. It is subdivided into 100 centavos and is represented by the symbol ₱. The peso was first introduced on May 1, 1852, replacing the Spanish dollar.

### Historical Context
The Philippine peso was first introduced in 1852, replacing the Spanish dollar. This marked a significant change in the country's monetary system, establishing the peso as the official currency. The issuance of the peso was a response to the need for a stable and reliable currency in the Philippines.

### Regulatory Framework
The Bangko Sentral ng Pilipinas (BSP) is responsible for issuing and regulating the Philippine peso. The BSP plays a crucial role in maintaining the stability and integrity of the currency. The BSP's regulatory framework ensures that the peso remains a reliable medium of exchange.

### Digital Representation
The Philippine peso is digitally represented by the Unicode character ₱ (U+20B1). This digital representation facilitates the use of the peso in digital transactions and financial systems. The Unicode character is widely recognized and used in financial transactions.

### Technical Identifiers
The Philippine peso has various technical identifiers, including:
- **ISO Code**: PHP
- **Subdivision**: 100 centavos
- **Symbol**: ₱
- **First Issuance**: May 1, 1852
- **Central Bank**: Bangko Sentral ng Pilipinas

### Related Entities
The Philippine peso is a subclass of currency and is distinct from other monetary units like the peso of other countries. The peso is also referred to as the Philippine piso, peso, and other local names across different regions. The Wikipedia article on the Philippine peso exists in multiple languages, reflecting its global documentation.

### Economic Significance
The Philippine peso is a fundamental component of the Philippine economy, enabling trade, facilitating financial transactions, and serving as a store of value. Its issuance and regulation by the Bangko Sentral ng Pilipinas ensure economic stability and confidence in the currency. The peso's role in the country's financial system is crucial for economic growth and development.

## References

1. [Source](https://www.oanda.com/currency-converter/en/currencies/majors/php/)
2. Freebase Data Dumps. 2013
3. [Source](https://www.xe.com/en-gb/currencyconverter/convert/?Amount=1&From=EUR&To=PHP)
4. [Source](https://www.xe.com/en-gb/currencyconverter/convert/?Amount=1&From=USD&To=PHP)
5. BabelNet