The currency of the Philippines is the Philippine Peso, abbreviated as PHP. The Peso is further divided into 100 centavos. It is issued and regulated by the Bangko Sentral ng Pilipinas (BSP), the country's central bank. The currency has various denominations, including coins and banknotes, each displaying prominent figures and landmarks significant to Philippine history and culture. The Peso is used for daily transactions across the nation, influencing both local and international trade. The strength and value of the Peso can fluctuate based on economic conditions, financial markets, and global factors, impacting the economy of the Philippines.