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peso4dThe Philippine peso, also referred to by its Filipino name piso (Philippine English: ˈ p ɛ s ɔː PEH-saw, ˈ p iː- PEE-, plural pesos; Filipino: piso [ˈpisɔː, ˈpɪsɔː]; sn: ₱; code: PHP), is the official currency of the Philippines.It is subdivided intoPESO definition: 1. the standard unit of money used in Argentina, Mexico, and some other countries 2. the standard…. Learn more.