The Philippine peso (PHP) is the official currency of the Philippines. It is subdivided into 100 centavos and is symbolized by "₱." The peso is issued and regulated by the Bangko Sentral ng Pilipinas (BSP), which is the country's central bank. The currency has undergone several changes since its introduction, with various designs and denominations in circulation. The current series features prominent Filipino figures and cultural symbols, reflecting the nation's history and heritage. The peso is widely used in everyday transactions, from shopping to business dealings across the archipelago.