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About the Philippine Peso
From 1898-1901 the Philippines were independent and issued their own currency, and the division of 1 peso into 100 centavo was born. The Philippines were colonised in 1901 by the USA, after already being colonised by Spain for several hundred years. It is one of the only currencies to have been affected by inflation throughout its lifetime and this could be deemed as a result of the changing colonial presences and the fact it is a floating currency.