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Philippine peso
Thesaurus| Noun | 1. | Philippine peso - the basic unit of money in the Philippines; equal to 100 centavospesocentavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and PortugalPhilippine monetary unit - monetary unit in the Philippines |
Translations
Philippine Peso
Philippine PesoThe currency of the Philippines. While its origins date to 1852, the modern peso came into being following the independence of the Philippines in the 1940s. It was originally pegged to silver and gold, but overprinting and hoarding of currency caused it to become a floating currency in 1964. Since independence, the government of the Philippines has consistently devalued the peso in order to reduce the nation's debt in domestic terms. This has made it a weak currency.AcronymsSeePHPPhilippine peso
Synonyms for Philippine pesonoun the basic unit of money in the PhilippinesSynonymsRelated Words- centavo
- Philippine monetary unit
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