Philippines
Philippine Peso (PHP) = 100 centavos. Notes are in denominations of peso1000, 500, 100, 50, 20, 10 and 5. Coins are in denominations of peso5, 2 and 1, and 50, 25 and 10 centavos.
The import and export of local currency is limited to PHP10,000; any amount above this must be authorized by the Central Bank of the Philippines. The import and export of foreign currency is unlimited, but must be declared over PHP10,000.
Mon-Fri 0900-1500.
Cash in pounds sterling or US dollars can be exchanged in banks, hotels and some retail outlets. Always use authorized money-changers or banks in Manila. Outside the capital there is a shortage of facilities for changing foreign currency and rates may get progressively worse as you travel further away from the city. It is advisable to carry a sufficient amount of Philippine pesos when traveling to other provinces.
American Express, Diners Club, MasterCard and Visa are widely accepted in major establishments throughout the big cities of the Philippines. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. 24-hour ATMs are available.
Traveller's cheques and major foreign currency may be cashed at most commercial banks and Central Bank dealers. They are also accepted in most hotels, restaurants and shops. To avoid difficulties, travelers are advised to carry their receipt of purchase with them. To avoid additional exchange rate charges, travelers are advised to take traveller's cheques in US Dollars.
