The currency of the Philippines is the Peso (PHP), which is divided into 100 centavos. Major credit cards are widely accepted in cities and tourist destinations. ATMs are available in the major cities and in main centres on some islands. US dollars are widely accepted in Manila and other tourist areas, and are the easiest currency to exchange. Otherwise, euros and pounds sterling can also be exchanged in banks and hotels. Most banks in the Philippines are open from 9am to 5pm, Monday to Friday, but their ATMs are open 24 hours. It is best for travellers to carry pesos when travelling outside of major centres.
