Hello this is Talk Academy in Baguio City, Philippines.
This time I would like to introduce about the local currency of Philippines, Peso.
There are 20, 50, 100, 200, 500, and 1000 pesos bills in the Philippines.
For your information, a hundred dollars is about 5200 pesos if you change your money.
First, this is the biggest paper bill 1000 Pesos.
A small tip to Talk Academy students: use a large amount of money when you go to a big shopping mall or franchise because there is often no change when you go to a market, convenience store, or when riding a taxi so better take spare small bills always.
Second biggest amount of paper bill is 500 Pesos.
In the Philippine currency, the Philippine president and hero are imprinted on the surface.
This is 100 pesos
Recently, few years ago there was currency fluctuation in the Philippines, so those currencies that I’m introducing to you are all new. If there are some students who change money to Philippine local currency from Korean bank before coming to Philippines, it is a must to check the money and make sure that you get the new bills.
The Philippines, doesn’t use the old currency anymore.
Those paper bills are mostly used in the Philippines; 50 peso and 20 pesos.
As I mentioned above, it’s good to prepare small amount of money always.
From the left side, those are 10, 5, 1 peso and 25, 10, 2, 0.5 centavo.
Last year 2018, there was coin change for 5 peso and 10 pesos so nowadays in 2019. Those coins are accepted both old and new one.
The new 10 peso and 5 peso are both colored silver even 1 peso so students are getting confused. You must check well when you use.
four 25 centavo coins are equal to 1 peso. 25 centavos can only be used in SM mall.
In the Philippines, it is a country that uses not only paper bills, but also coins so it’s recommended to take a coin purse!
if you have any questioin, feel free contact to us!
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