What is the Currency of the Philippines? – Everything About the Philippine Peso (PHP)
💰 Official Currency of the Philippines
The official currency of the Philippines is the Philippine Peso (PHP). Its international currency code is PHP.
The Philippine Peso started being issued by the country’s independent central bank in 1949, breaking its previous link with the US Dollar.
🏛️ A Brief History of the Philippine Peso
The term “peso” comes from the Spanish colonial period.
After independence, the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) was established in 1949, taking responsibility for the country’s monetary policy and peso issuance.
Over the years, due to economic fluctuations and inflation, new banknote series were introduced. Currently, 20, 50, 100, 200, 500, and 1000 peso notes are in circulation.
💹 Philippine Peso Abbreviation and Symbol
Abbreviation: PHP
Symbol: ₱
Subunit: 1 peso = 100 sentimo
💸 Can You Send Money from Turkey to the Philippines?
Yes ✅
With PayPorter, you can easily transfer money from Turkey to the Philippines.
PayPorter’s network covers over 185 countries, allowing transfers to Philippine bank accounts, agent locations, or mobile wallets in minutes.
🔹 Advantages of Using PayPorter
Low transaction fees
Fast and secure transfers
Licensed financial infrastructure
Extensive agent network
It also supports GCash, PayMaya, and other widely used Philippine accounts for direct transfers.
🌍 Can Philippine Peso Be Used in Turkey?
No.
The Philippine Peso is only valid within the Philippines.
However, some exchange offices or banks in Turkey may allow buying and selling PHP.
Additionally, PayPorter enables sending money from Turkey to the Philippines conveniently.
📝 Interesting Facts About the Philippine Peso
Banknotes feature national heroes and historical events.
The ₱1000 note is blue and depicts the Tubbataha Reefs and the South Sea Tiger.
The Philippines is one of the fastest-growing countries in Asia for digital wallet usage.
The word “peso” means “weight” in Spanish.
Last Uptade: December 2025
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