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Philippines (PH)

The Philippines is a Southeast Asian archipelago of 7,641 islands, the third-largest English-speaking country in the world, and one of the most welcoming destinations for expats.

Capital: Manila
Region: Asia
Language: Filipino
Currency: PHP (₱)
Cost of living: Very affordable (index 30)
Emergency: 911
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Currency & Money

Practical money tips for living in Philippines.

₱
Philippine Peso
PHP

Denominations

Coins: ₱1, ₱5, ₱10, ₱20. Notes: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1,000.

Payment Culture

Cash is widely used, especially outside major cities. GCash and Maya (PayMaya) e-wallets are dominant for digital payments. Visa/Mastercard accepted in malls, hotels, and restaurants in Metro Manila and Cebu. Bring cash for wet markets, jeepneys, and smaller establishments.

ATM Tips

ATMs are widely available in malls and cities. Foreign cards often incur ₱250–₱350 fees per withdrawal. Withdraw larger amounts to minimise fees. BancNet is the local interbank network. Avoid standalone ATMs in tourist areas — use those inside banks or major malls.

Exchange Tips

Currency exchange centres (Bangko Sentral-accredited) offer better rates than airports. Wise and Revolut are cost-effective for transfers. Avoid unauthorised street money changers.

Pro tip: Best apps for expats

  • • Wise — Send money internationally at near-interbank rates
  • • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
  • • N26 — German IBAN, free account, good for EU residents