The Philippines currency is the Philippine peso. It is worth 0.020 dollars. The dollar has a lot of influence because of historical reasons. Old imperial Spanish currencies also had great influence. The Philippine peso had historical bonds with the Mexican Peso and there was a time that both of them were worth the same. The local people often call them piso or ´so. It is regulated by the Bangko Sentral ng Pilipinas. The physical money consists of bank notes and coins.
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