Philippine Peso in Macau Pataca

PHP Philippine Peso

Country of application:
Philippines

Coin denominations in circulation:
20, 50, 100, 200, 500, 1000 Philippine pesos.

Denominations of banknotes in circulation:
1, 5, 10, 25 centimos, 1, 5, 10 Philippine pesos.

History reference:
The Philippine peso is the national currency of the Philippines. In 1898, the country experienced a revolution and issued its own coins and paper money backed by the countrys resources. The revolutio...n was short-lived - this money ceased to circulate in 1901. The US took control of the Philippines and launched a currency that was pegged to the price of gold, which at the time was about half the value of the United States dollar (USD). The peg of £2 to the dollar continued until the country became independent in 1946. Monetary policy in the Philippines is conducted by the Central Bank of the Philippines (BSP), established on July 3, 1993 as the central bank. It produces the nations banknotes and coins at its Security Enterprise Complex, which is due to relocate to New Clark City in Kapas, Tarlac.

MOP Macau Pataca

Country of application:
Macau

Coin denominations in circulation:
10, 20, 50 avo, 1, 2, 5, 10 patak.

Denominations of banknotes in circulation:
0, 20, 50, 100, 500 and 1000 patacas.

History reference:
Pataca is the national currency of Macau (Aomyn or Macau) - a special administrative region of the Peoples Republic of China. Pataca was introduced in Portuguese Macau and Portuguese Timor in 1894, b...ut only as a unit of account. The unit originally corresponded to the Spanish dollar, also known as the Mexican peso or the Philippine peso, and replaced the Portuguese real at the rate of 1 pataca = 450 riza. The name Pataca stems from the fact that the Portuguese always referred to the Spanish dollar as the Pataca mexicana, since as part of the Spanish colonial empire they were formerly usually minted in Mexico after which they rolled up the Philippines as part of the Spanish East Indies through the Manila-galeon trade. Acapulco, to be sold and distributed through the Far East.