PHP

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PHP

The ISO 4217 currency code for the Philippines Peso.

PHP

ISO 4217 code for the Philippine peso. While its origins date to 1852, the modern peso came into being following the independence of the Philippines in the 1940s. It was originally pegged to silver and gold, but overprinting and hoarding of currency caused it to become a floating currency in 1964. Since independence, the Philippines government has consistently devalued the peso in order to reduce the nation's debt in domestic terms. This has made it a weak currency.
References in periodicals archive ?
Meanwhile, each DepEd supervisor shall receive Php3,000 and five-day service credits while the support staff shall receive Php1,500 and five-day leave credits.
PH) has reported that its net profit for the nine months ended September 30, 2010 has increased by 17 percent to PHP3.
PH), the Philippines' seventh-largest lender by assets, has reported that its net profit for the nine months to September 30, 2010 has increased by 30 percent to PHP3.
During January to September, the company posted net profit of PHP3.
Global Banking News-May 4, 2012--Philippine National Bank raises PHP3.
Global Banking News-April 20, 2012--Philippine National Bank plans PHP3.
Global Banking News-December 29, 2011--Rizal Bank raises PHP3.