The Philippine Peso (PHP) is the official currency of the Philippines. It is subdivided into 100 centavos and is symbolized by "₱". The currency is issued and regulated by the Bangko Sentral ng Pilipinas (BSP), which ensures its stability and availability in the economy. The peso has a rich history, with various designs and denominations used over the years. Currently, banknotes come in denominations of ₱20, ₱50, ₱100, ₱200, ₱500, and ₱1,000, while coins are available in denominations of ₱1, ₱5, ₱10, and ₱0.25, ₱0.50, and ₱1 centavos.