You should rephrase your question to make it specific. If you were meaning the currency I would say it is the Philippine peso. If you meant something else, you should have thought about your question first. One thing us teachers teach in Primary and Secondary schools is to always proof-read everything.
The monetary system in the Philippines is quite diverse. It has changed over time and has even gone through periods of inflation.
The monetary system in the Philippines is based on the Philippine peso (PHP), which is the official currency. The Bangko Sentral ng Pilipinas (BSP) serves as the country's central bank, responsible for issuing currency, managing monetary policy, and regulating the banking system. The peso is subdivided into 100 centavos, and various denominations of coins and banknotes are in circulation. The BSP aims to maintain price stability and promote financial stability in the economy.
I control it
The Euro
Mixed Economy
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.
Bangko Sentral ng Pilipinas
There is no nation-state there, so there are no mints to produce any kind of monetary system.
South Korea's monetary system is comprised on the Korean won. A single won is divided into 100 jeon, the monetary sub-unit of South Korea.
what is the system of measurement adoptd by the philippines
Spain did not "Borrow" it's monetary system. It adopted the Euro along with most other members of the EU.
There is no credit system in the Philippines, They dont even know what is a credit system
There is no credit system in the Philippines, They dont even know what is a credit system
I control it
A monetary system is a bank. Yes, it is simple as that, to be honest. While a financial institution is a bank that has many other aspects.
A monetary system is a bank. Yes, it is simple as that, to be honest. While a financial institution is a bank that has many other aspects.