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 January 3, 1949, and then re-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 Philippine Statistics Authority is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and general affairs of the people of the Philippines, as well as enforcing the civil registration functions in the country.
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.
Benjamin Estoista Diokno is a Filipino economist who currently serves as one of the six members of the Monetary Board of the Bangko Sentral ng Pilipinas, which conducts the country's monetary policy and supervises its financial system. Diokno previously served as Secretary of Budget and Management under President Joseph Estrada from 1998 to 2001 and under President Rodrigo Duterte from 2016 to 2019. He also served as the Governor of the Bangko Sentral ng Pilipinas and the chairman of its Monetary Board, as well as ex officio chairman of the Anti-Money Laundering Council, from 2019 to 2022 under President Duterte His last Cabinet-level position was being the Secretary of Finance from 2022 to 2024 under President Bongbong Marcos.
Felipe Manguiat Medalla is a Filipino economist who has served as 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 from 2022 to 2023. He previously served as the 9th Socio-Economic Planning Secretary and Director-General of the National Economic and Development Authority under President Joseph Estrada.
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. President Corazon Aquino and her husband, Senator Benigno Aquino Jr. 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.
The Philippine one thousand-peso note is a denomination of Philippine currency. It is the largest denomination in general circulation in the Philippines. It is currently the only Philippine peso denomination that has a polymer banknote version.
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 main banknotes under the New Design Series on January 3, 2018. Its printing was stopped in 1995 and was replaced by coins.
In the Philippines, monetary policy is the way the central bank, the Bangko Sentral ng Pilipinas, controls the supply and availability of money, the cost of money, and the rate of interest. With fiscal policy, monetary policy allows the government to influence the economy, control inflation, and stabilize currency.
Jaime del Carmen Laya, better known as Jimmy Laya is a Filipino banker, accountant, and cultural administrator who served as the first Secretary of the Department of Budget and Management of the Republic of the Philippines, serving from 1978 to 1981. He was also the 5th governor of the Central Bank of the Philippines from 1981 to 1984 and later served as the Minister of Education, Culture and Sports from 1984 until 1986. His terms in civil service, covered two significant points in Philippine history, the election that made former President Ferdinand Marcos have his third term and the assassination of the late Senator Benigno S. Aquino Jr. that stimulated the People Power Revolution of 1986.
Amando Maglalang Tetangco Jr. is a Filipino banker, who served as the third Governor of the Bangko Sentral ng Pilipinas (BSP). He was the first BSP governor to serve two terms, having been first appointed to the office by Philippine president Gloria Macapagal Arroyo in July 3, 2005, and reappointed in July 31, 2011 by President Benigno Aquino III to serve another six-year term.
Citystate Savings Bank is a Filipino publicly listed thrift bank listed on the Philippine Stock Exchange. The bank was a partnership between a group of Filipino businessmen led by Ambassador Antonio Cabangon Chua and a Singaporean investment holding company. It was granted the thrift bank license by the Monetary Board of Bangko Sentral ng Pilipinas in 1997.
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).
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.
The New Generation Currency (NGC) Series is the name used to refer to the Philippine peso currency series conceptualized from 2007 to 2010, and banknotes issued since 2010 and coins issued since 2017. The series uses the Myriad and Twentieth Century typefaces.
