Showing posts with label Philippines. Show all posts
Showing posts with label Philippines. Show all posts

Monday, 16 September 2013

(PHILLIPINES) REPUBLIKA NG PILIPINAS-1986-50 SENTIMO

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This type was issued by the Philippines for circulation 1983-90, to be superseded in 1991 by a smaller brass coin (KM 242.3). Today, with US$1 = 48 PHP (approximately), no coins smaller than a peso circulate. This date is the most common. The bird on the reverse, Pithecophaga jeffreyi, is better known as the monkey-eating eagle and on the obverse Head of back bust writer Marcelo H. del Pilar and date of issue below it.This copper-nickel coin of weight 6 gram and diameter 25 mm was minted by Central Bank of Philippines, Security Plant Complex, Quezon city under flora and fauna series.The coin was first issued in 1983 and lastly in 1990 and after minting about 121,408,000 coins in 1984, most coins were minted in 1986 - about 120,000,000.

About 401,186,000 coins were minted.
 Now the coin costs more than $ 3.

(PHILLIPINES)REPUBLIKA NG PILIPINAS-2002-1 PISO

Philippine peso

The Philippine peso (Filipinopisosign: ₱; codePHP), also referred to as peso, is the official currency of the Philippines. It is subdivided into 100 centavos (Filipino: sentimoVisayansentabo). Before 1967 as a former colony of the United States, the language used on the banknotes and coins was in English, and so the word "peso" was used. Since the adaption of Filipino language for banknotes and coins, the Filipino term "piso" is now used on Philippine money.
This symbol is unique to the Philippines as the symbol used for the peso in countries like Mexico and other former colonies of Spain in Latin America is "$".
The Philippine coins and banknotes are minted and printed at the Security Plant Complex of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) in Quezon City.

Denominations below 1 peso are still issued but are not in wide use. In December 2008, House Resolution No. 898 was proposed to call for the retirement and demonetization of all coins less than one peso due to the high cost of manufacturing these coins.


1 peso coin fraud

By August 2006, It became publicly known that the 1 peso coin has the same size as the 1 United Arab Emirates dirham coin. As of 2010, 1 peso is only worth 7 fils (0.07 dirham), leading to vending machine fraud in the U.A.E. Similar frauds have also occurred in the US, as the 1 peso coin is roughly the same size as the Quarter but as of 2010 is worth only about 2 U.S. cents. Newer digital parking meters are not affected by the fraud.

1 peso coin

The one Peso coin is the third-highest denomination coin of the Philippine Peso.
The national hero, José Rizal is featured on the obverse. The logo of Bangko Sentral ng Pilipinas is featured on the reverse side, as per all current coins of the Philippines.

This copper(75%)-nickel(25%) series of coins was first issued in 1993 and lastly in 2003, because from that year onward the bank decided to mint the coin with steel alloy.This coin was minted in 2002 with a weight of 6.10 grams and a diameter of 24 mm.The front side of the coin shows revolutionary Jose Rizal left of 1 Piso and his name under it ,top - state name (REPUBLIKA NG PILIPPINAS) , bottom - minting year(2002) and the back side shows circular seal of central bank and founding years in bottom(1995).


Now the coin has a peak value of $ 4.

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