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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
What else can I help you with?
What is 1 British dollar to 1 Philippine peso?
There is not now and never has been a "British dollar." Britain uses the Pound Sterling as its primary monetary unit.
What is the Chinese monetary unit called?
Chinese monetary unit - the monetary unit in the People's Republic of China monetary unit - a unit of money kwai, yuan - the basic unit of money in China jiao - 10 jiao equal 1 yuan in China fen - 100 fen equal 1 yuan in China
What impact does inflation have on the monetary unit assumption?
Inflation has a lot of impact on monetary unit assumption. Inflation greatly reduces the value of a monetary unit and acts as a hidden tax on consumers.
What is the monetary unit for Angola?
Kwanza
Monetary Unit For Denmark?
krone
How do you spell Philippine monetary unit?
The Philippine monetary unit is spelled as "peso."
What is the monetary unit in Columbia?
Monetary unit: Colombian Peso
What is the monetary unit of Colombia South America?
The Colombian Peso (COP) is the monetary currency of Columbia.
What is the monetary unit of Argentina?
Peso Argentino
What unit of currency does mexico use?
The Mexican currency is the Peso.
The unit of money in philippenes is called?
The unit of money in the Philippines is called the Philippine Peso, abbreviated as PHP or ₱. It is further divided into 100 centavos.
What is monetary unit of Mexico?
The Mexican Peso (MXN).
What is 1 British dollar to 1 Philippine peso?
There is not now and never has been a "British dollar." Britain uses the Pound Sterling as its primary monetary unit.
What is the Monetary unit for all the money in Oaxaca?
The Mexican Peso.
What monetary unit is used in Chile?
The currency of Chile is the Peso. It is an abbreviated with CLP.
What unit is being use in measuring 5 peso coin?
centigrams
What is cuba's monetary unit?
Cuba's monetary unit is known as peso. As of July 2014, one US dollar is equivalent to about 23.15 Cuban pesos.
