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 ?
Toyota Motor Corporation (NYSE: TM) (LSE: TYT) (TYO: 7203), a Japan-based automaker, is investing PHP3.
Weighted first year premium business was 36 percent higher than 2011, amounting to PHP3.
Global Banking News-May 4, 2012--Philippine National Bank raises PHP3.
Global Banking News-April 20, 2012--Philippine National Bank plans PHP3.