PHP

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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 ?
Banco de Oro said that operating expenses have increased by four percent on year to PHP8.8bn, while provision of non-performing loans increased 27 percent on year to PHP2.1bn.
The company posted net profit of PHP7.14bn in the first quarter of 2011, compared to PHP2.9bn in the same period in 2010.
Bank of the Philippine Islands (BPI.PH), Philippine's third-largest lender by assets, has reported that its net profit in the first quarter has increased by 4.5 percent to PHP2.85bn (USD66.6m), from PHP2.73bn a year earlier.
Total revenues in 2009 amounted to PHP9.5bn, a 6.7% growth from 2008's PHP8.9bn while net income increased from PHP2.8bn to PHP3.3bn.
The town has been losing PHP300,000 daily or over PHP2 million since the shellfish ban on July 12.
What might feel like the end is only the beginning, so jumpstart your career goals with Omega Lite 3s available for only Php2,599SRP.
He was reacting to the statement of the National Disaster Risk Reduction and Management Council (NDRRMC) that Php2.6B worth of crops are already lost due to El Nino.
The firm said that its net income had increased by 13.2 percent to PHP2.1bn last year from a year earlier.
The company posted net profit of PHP2.13bn in the first quarter of 2011, compared to PHP2.01bn in the same period in 2010.
Philippine National Bank (PNB) (PNB.PH) has reported that its net profit for 2010 was PHP3.54bn (USD82m), up 61 percent from PHP2.2bn in the year ago period.
The total cash dividends for 2007 stood at PHP2.2bn, for 2008 at PHP1.3bn and for the nine months of 2009 at PHP657m.