Monday 16 September 2013

REPUBLIKA NG PILIPINAS-1996-25 CENTIMO

The peso (Filipino: piso) (sign:; international currency code : PHP) is the currency of the Philippines. It is subdivided into 100 centavos (Spanish) or sentimo (Filipino). Before 1967, the language used on the banknotes and coins was English and so "peso" was the name used. The language was then changed to Pilipino (the name of the Filipino language then) and so the currency as written on the banknotes and coins is piso.
The peso is usually denoted by the symbol " ₱ ". This symbol was added to the Unicode standard in version 3.2 and is assigned U+20B1 (). Due to the lack of font support, the symbol is often substituted with a simple "P", a P with one horizontal line instead of two (available as the peseta sign, U+20A7 (), in some fonts), as "PHP", or "PhP".
The coins are minted at the Security Plant Complex.Philippine peso coins are issued by the Bangko Sentral ng Pilipinas for circulation in the  Philippines and are currently available in seven denominations. Sentimo is a monetary subdivision, equivalent to a 1/100th of a Philippine peso.
The Centimo was a currency unit of Spain,Portugal and their former colonies. The word derived from the Latin centimus meaning "hundredth part". The main Spanish currency (pre-euro) was the peseta which was divided into 100 céntimos. In Portugal it was the real and later the escudo until it was also replaced by the euro. In Spanishcéntimo is the common way of describing the euro cent.
This type of coin was firstly issued in 1995 and lastly in 2003. This brass coin with weight 3.8 gram has a diameter of 20 mm and a thickness of 1.5 mm.This coin series and era is of Republic of Philippines (1946-present) and the head of the state was Fidel Ramos van de Filipijnen (1992-1998). The coin was minted by Central Bank of Philippines, Security Plant Complex, Quezon city. The front side of the coin shows lettering REPUBLIKA NG PILIPINAS, 25 CENTIMO, 2001 and back side shows lettering BANGKO CENTRAL NG PILIPINAS and 1993 (Founding Year) and shows Central Bank Seal Inside a Circle.
The peak value of the coin is $ 2

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