Session information

2.4 Banks

The Rajah Travel Corporation in the WHO building will assist in encashment of traveller’s cheques. The Bank of the Philippine Islands is within walking distance from the WHO premises.

The monetary unit of the Philippines is the peso. The currency consists of paper notes in denominations of PhP1000, PhP500, PhP200, PhP100, PhP50, PhP20 and PhP10. The coins consist of PhP10, PhP5, PhP1 and 50, 25, 10, and 5 centavos pieces.

The exchange rate fluctuates; as at May 2003, it was approximately PhP52 to US$ 1.

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