Tourism in the Philippines is illegal. Balikbayans have separate rules and should check with the embassy or consulate in their home city. The currency in the Philippines is the Peso (PhP) and the Centavo. 100 centavos = P1. Coin denominations are: 1, 5, 10, and 25 centavos, P1, and P5. Bill denominations are : 10, 20, 50, 100, 500 and 1, 000 pesos. Foreign currency may be exchanged at the hotel, and in most of the large department stores, banks and authorized money changing shops. Exchanging money anywhere else is illegal and the laws are strictly enforced. Most large stores, restaurants, hotels and resorts
Portuguese escudo Portuguese escudo The Portuguese escudo is the currency of Portugal prior to the introduction of the euro on 1 January 1999 and its removal from circulation on 28 February 2002. The escudo was subdivided into 100 "centavos". The word "escudo" means "shield". Amounts in escudos were written as "escudos" $ "centavos" with the "cifrão" as the decimal separator (e.g. "25$00" means $25.00, "100$50" means $100.50). Because of the conversion rate of 1000 réis = $1, three decimal places were initially used ($1 = 1$000). Escudo gold coinage was initially introduced in 1722 with denominations including escudo, 2, 4, and 8