The PHP, also referred to by its Filipino name piso (sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 sentimo, also called centavos.
The Philippine peso sign is denoted by the symbol “₱”, introduced under American rule in place of the original peso sign “$” used throughout Spanish America. Alternative symbols used are “PHP”, “PhP”, “Php”, or just “P”.
The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on July 3, 1993 as its central bank. It produces the country’s banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac.