PHP to AZN

PHP - Philippine Piso ()
AZN - Azerbaijani Manat ()
1 PHP1 AZN

Currency conversion rates from PHP to AZN

PHPAZN
1 PHP1 AZN
5 PHP5 AZN
10 PHP10 AZN
20 PHP20 AZN
50 PHP50 AZN
100 PHP100 AZN
250 PHP250 AZN
500 PHP500 AZN
1000 PHP1000 AZN
2000 PHP2000 AZN
5000 PHP5000 AZN
10000 PHP10000 AZN
AZNPHP
1 AZN1 PHP
5 AZN5 PHP
10 AZN10 PHP
20 AZN20 PHP
50 AZN50 PHP
100 AZN100 PHP
250 AZN250 PHP
500 AZN500 PHP
1000 AZN1000 PHP
2000 AZN2000 PHP
5000 AZN5000 PHP
10000 AZN10000 PHP

AZN - Azerbaijani Manat (man.)

Azerbaijani Manat

The New Manat is the currency used in Azerbaijan. There were three Manat currencies issued. The 3rd issue replaced the previous Manat in 2006, with the the new Manat = 5 000 old Manat. There are similarities between the Euro and Manat banknotes; both were designed by Robert Kalina of Austria.

The Azerbaijani Manat is the currency in Azerbaijan (AZ, AZE). The Azerbaijani Manat is divided into 100 gopik. The exchange rate for the Azerbaijani Manat was last updated on May 24, 2019 from Yahoo Finance. The AZN conversion factor has 5 significant digits.

Economy

  • The main economic base of Azerbaijan is oil.
  • The Azerbaijan GDP grew by 41.7 in 2007 and was rated as the fastest-growing economy in the world.
  • Agriculture forms 6% of the economy, services 32 %, and industry the remainder.
  • The top industries are petroleum and petroleum products, cement, textiles, ore, iron, natural gas, cotton, and foodstuffs.
  • There is a restriction on non-citizens; they are not allowed to export the national currency outside of Azerbaijan.
  • The country has a low unemployment rate of 0.9%.
  • The main export is oil. Caspian oil is transported via pipeline to various Mediterranean countries.

History

  • The first Manat was issued 1919 and was in circulation until 1923. After Azerbaijan became part of the Soviet Socialist Republic, the Manat was known in Russia as the Ruble. Both languages were printed on the bank notes, as well as French. There were no coins or small denominations.
  • The Russian Ruble was replaced by the second Azerbaijan Manat in 1992.
  • The new Azerbaijan Manat introduced in 2006 is currently the national currency. Qəpik coins that went out of circulation between 1993 to 2006 were reintroduced.
  • At the end of 2006 the old Manat was taken out of circulation.

More information about AZN - Azerbaijani Manat (man.)


PHP - Philippine Piso ()

The Philippine peso is the official currency of Philippines. It is commonly depicted by the symbol ₱. Written abbreviations include: PhP, Php, P$, or P. The official currency code for the peso is PHP.

The Peso is the foreign currency of the Philippines. It's subdivided into one hundred centavos. Prior to 1967, English was used on all notes and coins, hence the term “peso” was used as the name of the currency in the Philippines. When Filipino was introduced as a written language, the term used on notes and coins became “piso”.

The Philippine Peso is the currency in Philippines (PH, PHL). The symbol for PHP can be written P. The Philippine Peso is divided into 100 centavos. The exchange rate for the Philippine Peso was last updated on Today from The International Monetary Fund. The PHP conversion factor has 6 significant digits.

Economy

  • The Philippines is estimated to be the 45th largest economy in the world, with a GDP of USD$216 billion (2011). Major exports includes semiconductors and other electrical components, transport equipment, clothing, copper and petroleum products and fruits.
  • In recent times, the Philippines has been transitioning from a agricultural-based economy to one that increasingly relies on services and manufacturing. Agriculture now only accounts for roughly 30% of the workforce and about 14% of GDP.
  • The economy of the Philippines was the second largest in East Asia after World War II. However the economy stagnated until the 1990s, based on economic policies and political volatility, and other Asian countries surpassed the Philippines in terms of GDP growth.
  • In the 1990s, a new program of economic liberalization was introduced, leading to economic recovery until the 1997 Asian Financial Crisis.

History

  • Prior to the introduction of a formal currency, trade in the Philippines was performed using a barter system, and later on “piloncitos” (small pieces of gold) and gold barter rings.
  • The Spanish introduced coins to the Philippines when they colonized the country in 1521. However, the coins used by Filipino people were minted in various Spanish countries around the world, leading to major inconsistencies in purity and weight.
  • In 1861, the first mint was established in order to standardized coinage.
  • After the Philippines gained independence in 1898, the country’s first local currency was introduced, replacing the Spanish-Filipino Peso.
  • The United States captured the Philippines in 1901, and established a new unit of currency that was pegged to exactly half of a US Dollar in 1903.
  • During World War II, the Philippines was occupied by Japan, and new notes were introduced yet again.
  • The Central Bank of the Philippines was established in 1949, leading to the reintroduction of a formal Filipino currency.

More information about PHP - Philippine Piso ()