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 ?
SLFP decided to forgo all other product and marketing campaigns and invest its PHP6 million annual advertising budget into educating the market using the FEQ and Amazing-I.
In H111 leading oil industry producer Petron Corporation reported a 104% y-o-y rise in net income to PHP6.
A night's stay starts from Php6,370+ inclusive of a breakfast buffet at Le Bar for two, a Php500 gift voucher for food and beverage, and a 30% discount on Le Spa and hotel recreational services.
In the same period last year, the bank reported total income of PHP6.
of National Defense for the clearance to construct wind farm within the vicinity of Pasuquin Radar Station;Equity Investors committment secured; Selected Preferred EPC Turn-key Tenderer for both the wind energy farm and the connection assets; Submitted the Declaration of Commerciality (DOC) with documentary requirements on 5 Jul 2013, currently under evaluation by REMB;Equity Investors committment secured; Selected Preferred EPC Turn-key Tenderer for both the wind energy farm and the connection assets; Project cost is Php6.