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Last updated : Nov 2009
Philippines Currency
Philippines Currency and Bank information - TravelPuppy.com
Philippine Peso (P) = 100 centavos. Notes are in denominations of P1,000, 500, 100, 50, 20, 10 and 5. Coins are in denominations of P5, 2 and 1, and 50, 25 and 10 centavos.

Money exchange services

Use the official money changers or banks in the capital. There is lack of facilities outside Manila for changing foreign currencies. Rates become increasingly worse the further one goes from the city. Try to carry sufficient amounts of Philippine pesos in case of going to other provincial areas.

Credit and debit cards

MasterCard, Visa, American Express and Diner's Club are widely accepted in major organisations across the big cities of the Philippines. Consult your credit or debit card issuer for details of acceptability and services that may be available.

Travellers cheques

Travellers cheques and major foreign currency can be changed in most commercial banks and Central Bank dealers. They are also accepted in the majority of hotels, shops and restaurants. Visitors are recommended to take US Dollar travellers cheques to avoid extra charges.

Currency restrictions

The export and import of Filipino currency is limited to P10,000; amounts above this must be approved by the Central Bank. The export and import of foreign currency is unlimited. Amounts over P10,000 must be declared.

Exchange rate indicators

The following is a guide to the movements of the Philippine Peso against the Sterling and US Dollar:
 
  Oct'07
£1.00 = 90.67
$1.00 = 44.18
 
Banking hours

Monday to Friday 9.00 am to 4.00 pm.
Useful travel links
American Express Cheques information on Amex travellers cheques
Travellers Cheques Visa information on Visa travellers cheques
VISA ATM Locator location of any ATM that accepts VISA cards
Universal Currency Converter online foreign exchange and currency