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The monetary system in the Philippines is quite diverse. It has changed over time and has even gone through periods of inflation.
The simple answer is that it used to be a colony of Spain and used the Spanish monetary unit which is the Peso as well. In the early 1900's the U.S.A. took control of the Philippines and established the unit of currency as a "gold peso" which was supposed to be 1/2 the value of a U.S. Dollar. The Japanese occupied for a while as well, but the Peso has stuck as the monetary unit
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The Euro
Gold parity standard is the current system used instead of the international gold standard. This system was made in 1946 by the International Monetary Fund (IMF).
The monetary system in the Philippines is quite diverse. It has changed over time and has even gone through periods of inflation.
The economic system of the Philippines is developed through the exportation of goods and the tourism that we had. Every region in the Philippines has it's own product like banana, in Davao City and etc.
metric system is used daily in many parts of the world. And the monetary system too.
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The Pueblo Indians had no monetary system; instead they used the barter system for trading with other groups.
President Garfield believed silver and gold should be used to ensure a sound monetary system.
The Pueblo Indians had no monetary system; instead they used the barter system for trading with other groups.
cadaudula- it used to be a dictator ruled system back in the 1800s now it is a republic ruled system, but not the best.
Marks, however Zloty were also used.
Bangko Sentral ng Pilipinas
European Monetary Union, with the Euro being used as the currency for 17 of the 27 countries that are part of the European Union.
There was not a name for Rome's monetary system. The Romans just used the names of their various types of coins.