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The Philippine peso sign (₱) is the
currency symbol A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by the monetary authority, like the national central bank for the currency concerned. In formatting, the symbol can use various format ...
used for the
Philippine peso The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called ...
, the official
currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...
of the
Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...
. The symbol resembles a Roman letter P with two horizontal strokes. It differs from the
currency symbol A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by the monetary authority, like the national central bank for the currency concerned. In formatting, the symbol can use various format ...
used for the
peso The peso is the monetary unit of several countries in the Americas, and the Philippines. Originating in the Spanish Empire, the word translates to "weight". In most countries the peso uses the same sign, "$", as many currencies named "dollar" ...
in Latin America, which is " $".


History

The Philippine peso sign was introduced by ''Executive Order No. 66'' of the United States colonial government on August 3, 1903. The sign, in capitalized
Roman letter The Latin script, also known as Roman script, is an alphabetic writing system based on the letters of the classical Latin alphabet, derived from a form of the Greek alphabet which was in use in the ancient Greek city of Cumae, in southern Italy ...
P with two parallel lines "passing through and extending slightly beyond loop at right angle to shaft or stem", was decreed to be used "by all officials as the designation of the new Philippine peso to differentiate it from the $ mark for
United States currency The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
and the pesos of Spain..." This sign was chosen by
Charles Edward Magoon Charles Edward Magoon (December 5, 1861 – January 14, 1920) was an American lawyer, judge, diplomat, and administrator who is best remembered as a governor of the Panama Canal Zone; he also served as Minister to Panama at the same time. Hi ...
, acting chief of the Bureau of Insular Affairs, and was approved by Governor William H. Taft.


Encoding

The peso is usually denoted by the symbol "₱". This symbol was added to the
Unicode Unicode, formally The Unicode Standard,The formal version reference is is an information technology standard for the consistent encoding, representation, and handling of text expressed in most of the world's writing systems. The standard, wh ...
standard in version 3.2 and is assigned (). The symbol can be accessed through some word processors by typing in 20b1 and then pressing the buttons simultaneously, or by pressing and holding , then pressing 8369 on the keypad. Other ways of writing the Philippine Peso sign are "PHP", "PhP", "P", or "P" (strike-through or double-strike-through uppercase P), which is still the most common method, although font support for the Unicode Peso sign has been around for some time. The international three-letter
currency code ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual cu ...
for the Philippine peso is PHP.


See also

*
Economy of the Philippines The economy of the Philippines is the world's 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thaila ...
* Currency sign


References


External links


''Currency in the Philippines'' by Charles Arthur Conant

Peso sign ₱
{{DEFAULTSORT:Philippine Peso Currencies of the Philippines Currency symbols Numismatics