PHP to BBD

PHP - Philippine Piso ()
BBD - Barbadian Dollar ($)
1 PHP1 BBD

Currency conversion rates from PHP to BBD

PHPBBD
1 PHP1 BBD
5 PHP5 BBD
10 PHP10 BBD
20 PHP20 BBD
50 PHP50 BBD
100 PHP100 BBD
250 PHP250 BBD
500 PHP500 BBD
1000 PHP1000 BBD
2000 PHP2000 BBD
5000 PHP5000 BBD
10000 PHP10000 BBD
BBDPHP
1 BBD1 PHP
5 BBD5 PHP
10 BBD10 PHP
20 BBD20 PHP
50 BBD50 PHP
100 BBD100 PHP
250 BBD250 PHP
500 BBD500 PHP
1000 BBD1000 PHP
2000 BBD2000 PHP
5000 BBD5000 PHP
10000 BBD10000 PHP

BBD - Barbadian Dollar (BBD)

Barbadian Dollar

The Barbados Dollar (BBD) has been the currency of Barbados since 1935. The symbol used for the dollar is the same as the US Dollar ($). However, BDs$ is used to distinguish the BBD from other dollar currencies. The Barbados Dollar is subdivided into 100 cents.

The Barbados Dollar is the currency in Barbados (BB, BRB). The Barbados Dollar is also known as BDS. The symbol for BBD can be written Bds$. The Barbados Dollar is divided into 100 cents. The exchange rate for the Barbados Dollar was last updated on May 24, 2019 from Yahoo Finance. The BBD conversion factor has 2 significant digits.

Economy

  • The main industries in the economy are tourism and offshore investments.
  • Other income is from sugar and light manufacturing.
  • The Barbados economy is a service-driven economy, as well as an international business center.
  • The average growth rate for the Barbados economy ranges from 3.5% to 5%.
  • No substantial exports come from Barbados and the country relies largely on imports.
  • Barbados focuses on developing the service sector, from financial services to educational and health services.
  • Agriculture is mainly sugar cane farming. The main food crops are corn, sweet potatoes, eddos, yams, and cassava.
  • Construction is a secondary industry and is mainly due to tourism and residential growth.

History

  • Barbados formed part of the British Caribbean territories. The British Pound Sterling was adopted by Barbados in 1848.
  • After the Pound was adopted, the previous silver pieces continued to circulate, especially in the private sector.
  • The first dollar form of banknotes was issued in 1882.
  • In 1949, the British West Indies dollar was introduced, and Barbados was officially tied in with the British Eastern Caribbean islands.
  • In 1965, Barbados replaced the British West Indies Dollar with the Eastern Caribbean Dollar.
  • In 1972, the present Dollar was introduced by the Central Bank of Barbados.
  • Since 1975, the Barbados Dollar has been pegged to the United States Dollar at 2BDs$ = 1 USD.

More information about BBD - Barbadian Dollar (BBD)


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 ()