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PHP

The ISO 4217 currency code for the Philippines Peso.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Another Philippine based carrier, Cebu Pacific, had previously offered over 50,000 PHP1 tickets for travel from 20 June to 18 October.
During the inauguration, Ricardo Alba, president and chief operations officer of Univet Nutrition and Animal Healthcare Company (UNAHCO), turned over AI paraphernalia worth PHP1 million as well as 10 heads of boar to the center.
In May, the lender bagged PHP1.85bn (USD44.2m/EUR35.7m) in a sale of long-term negotiable certificates of deposits (LNTCDs) as part of its measures to support its deposit base and boost its loan book.
During the first quarter of 2011, the company reported revenue of PHP2.05bn, up 81 percent compared to PHP1.13bn in the year-ago period.
Perfecto Ramon Dimayuga, also a senior vice president at PSBank, reportedly said that the bank was expecting to reach its target profit of PHP1.8bn this year, helped mainly by increased earnings from car and mortgage loans.
The El Nino phenomenon brought about PHP1 billion worth of agricultural production losses in the region.
For only Php1,299, you can get some of Yellow Cab's bestsellers along with a one-month unlimited access to iflixVIP.
Pre-order customers were able to get freebies worth Php1,299.
Dinner buffet on February 14, 2018 is Php1,200++ and available from 6:00 to 10:00 pm.
Total deposits reached PHP1.4tn, an increase of 19 percent year-on-year and net interest income increased by 21 percent to PHP37.5bn.