Which currency is named after the Spanish dollar and is used by the Philippines?

The Philippine peso is the currency of the Philippines, and its name derives from the Spanish peso or dollar.

Spain’s colonial monetary system introduced the peso name to the archipelago. The Philippine peso remained connected to the Spanish dollar tradition and later to the United States dollar during the American colonial period. The modern currency is issued by the Bangko Sentral ng Pilipinas.

The peso is divided into 100 sentimos and has the ISO code PHP. Its symbol is ₱, a distinctive form based on the Latin letter P with a horizontal stroke. The Philippine peso is one of several currencies called peso, but each has its own issuing authority, exchange value and ISO code.