The Philippine peso,also referred to by its Filipino name piso,is the official currency of the Philippines. It is subdivided into 100 sentimo,also called centavos.
Banknotes of the Philippine peso are issued by the Bangko Sentral ng Pilipinas for circulation in the Philippines. The smallest amount of legal tender in wide circulation is ₱20 and the largest is ₱1000. The front side of each banknote features prominent people along with buildings,and events in the country's history while the reverse side depicts landmarks and animals.
The Bangko Sentral ng Pilipinas is the central bank of the Philippines. It was established on July 3,1993,pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. The principal author was Senator Franklin Drilon. It was signed by President Rodrigo Duterte.
The Rizal Commercial Banking Corporation,commonly known as RCBC,is one of the largest universal banks in the Philippines with total consolidated resources of Ph₱1.2 trillion. It was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is currently headquartered at RCBC Plaza in Makati,Metro Manila.
Rafael Carlos Baltazar Buenaventura was a prominent banker in the Philippines who served as the second Governor of the Bangko Sentral ng Pilipinas;he served under two Philippine presidents during one of the most tumultuous political transitions in the country's history.
The New Design Series (NDS) (also known as the BSP Series after the establishment of the Bangko Sentral ng Pilipinas) was the name used to refer to banknotes of the Philippine peso issued from 1985 to 2013 and the coins of the Philippine peso issued from 1995 to 2017. The banknotes were printed until 2013 (with 5-peso note were printed until 1995,10-peso note until 2001,20 and 1000 peso notes until 2012,and 50,100,200 and 500 peso notes until 2013),legal tender until December 31,2015,and can be exchanged with NGC notes until its demonetization on December 29,2017,where they co-existed with the NGC banknotes from December 16,2010 to December 29,2017. The coins were minted and issued from c. December 1995 to November 30,2017,and remain legal tender as of 2023. It was succeeded by the New Generation Currency (NGC) Series issued on December 16,2010,for banknotes and November 30,2017,for coins.
The Philippine twenty-peso note (₱20) is a denomination of Philippine currency. It is the smallest banknote denomination in general circulation in the Philippines. Philippine president Manuel L. Quezon is currently featured on the front side of the note,while the Banaue Rice Terraces and the Asian palm civet is featured on the reverse side.
The Philippine fifty-peso note (₱50) is a denomination of Philippine currency. Philippine president and former House Speaker Sergio Osmeña is currently featured on the front side of the bill,while the Taal Lake and the giant trevally are featured on the reverse side.
The Philippine one hundred-peso note (₱100) is a denomination of Philippine currency. Philippine president Manuel A. Roxas is currently featured on the front side of the bill,while the Mayon Volcano and the whale shark are featured on the reverse side.
The Philippine five hundred-peso note (₱500) is a denomination of Philippine currency. Senator Benigno Aquino Jr. and his wife,President Corazon Aquino are currently featured on the front side of the note,while the Puerto Princesa Subterranean River National Park and the blue-naped parrot are featured on the reverse side. BSP will issue the polymer version of this denomination by 2023 and will be the second denomination in this format after the 1000-Piso polymer banknote issued last April 2022.
The Philippine ten-peso note (₱10) was a denomination of Philippine currency. In its latest incarnation,Apolinario Mabini and Andrés Bonifacio are featured on the front side of the notes,while the Barasoain Church and a Blood Compact scene of the Katipuneros are featured on the reverse side. This banknote was circulated until the demonetization of the New Design Series on December 29,2017. Its printing was stopped in 2001 and was replaced by coins.
The Philippine five-peso note (₱5) was a denomination of Philippine currency. Philippine president Emilio Aguinaldo is featured on the front side of the note,while the Declaration of the Philippine Independence is featured on the reverse side. This banknote was circulated until the demonetization of the New Design Series on December 29,2017. Its printing was stopped in 1995 and was replaced by coins.
Gabriel dela Cruz Singson was a Filipino lawyer and banker,who served as the first Governor of the Bangko Sentral ng Pilipinas (BSP) from 1993 to 1999. He was the first Governor of the BSP after former President Fidel V. Ramos signed the Republic Act 7653,otherwise known as New Central Bank Act,into law in 1993.
The Anti-Money Laundering Council (AMLC) is the agency of the Government of the Philippines that is tasked to implement the provisions of Republic Act No. 9160,also known as the “Anti-Money Laundering Act of 2001”(AMLA),as amended,and Republic Act No. 10168,also known as the “Terrorism Financing Prevention and Suppression Act of 2012”(TFPSA).
The Governor of the Bangko Sentral ng Pilipinas is the chief executive officer of the Bangko Sentral ng Pilipinas,the Philippines' central bank. This position succeeds and replaces the earlier post of Governor of the Central Bank of the Philippines.
Nestor Aldave Espenilla Jr. was a Filipino banker who served as the fourth governor of the Bangko Sentral ng Pilipinas (BSP) from 2017 until his death in 2019. He began working for the BSP in 1981 and was a deputy governor under his predecessor Amando Tetangco Jr.
This is a list of commemorative coins issued by the Philippines. More info here.
The Center for Agriculture and Rural Development,Inc. is a micro-finance oriented rural bank in the Philippines established in 1997,and is currently regulated by the Bangko Sentral ng Pilipinas. Its main office is located in San Pablo City,Laguna. As of May 2019,Card Bank,Inc. has 750 service offices nationwide.
Eli M. Remolona Jr. is a Filipino economist who is currently the governor of the Bangko Sentral ng Pilipinas,central monetary authority of the Philippines,and the ex officio chairman of the Anti-Money Laundering Council,the central anti-money laundering/counter-terrorism financing authority of the Philippines,under the Marcos administration since July 3,2023.
