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 ?
Net interest income has increased to PHP6.1bn from PHP5.96bn, while trading and securities have increased to PHP4.8bn from PHP18.8m a year ago.
The Regional Trial Court Branch 10 in Legazpi City allowed Baldo, the alleged mastermind behind Batocabe's murder, to post PHP6 million bail for two counts of murder - for Batocabe and his police aide, Master Sgt.
This 2019, individual PhilHealth premiums would be raised to Php6,864 (Dh490) per annum -- a whopping 186% spike from the current rate, according to Business Mirror .
DAGUPAN CITY -- The City Agriculture Office (CAO) here has recorded an estimated initial damage of PHP6 to PHP7 million in the milkfish (bangus) industry due to flooding caused by southwest monsoon rains intensified by Tropical Depression" Josie" and Tropical Storm "Inday" last week.
Let F1 Hotel Manila give you the romantic stay you've been dreaming about, and stay in a Fort Suite for only Php6,450 nett, with buffet breakfast for two.
In the same period last year, the bank reported total income of PHP6.2bn.
For the rest of the month, the So Magnifique room package is available, starting at Php6,370+, inclusive of a buffet breakfast for two at Le Bar, a Php500 gift voucher for food and beverage, and a 30% discount on Le Spa and hotel recreational services.
The issue is expected to fetch proceeds of PHP6.4bn.
Banco de Oro Unibank Inc (BDO.PH), the Philippines' largest lender by assets, has reported that its net profit in the nine months ended September 30 has increased by 60 percent to PHP6.40bn (USD148m), up from the PHP4bn recorded in the year-earlier period.
In addition, 25 contracts worth PHP6 billion, incurred "significant negative slippages."
In addition, the annual "chalk allowance," intended for the purchase of classroom supplies, was raised to P3,500 from P2,500, and the clothing allowance also increased to Php6,000 from Php5,000.