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The Philippines is an archipelago of about 7,641 islands, [202] [203] covering a total area (including inland bodies of water) of about 300,000 square kilometers (115,831 sq mi).
This is a list of regions and provinces of the Philippines by poverty rate as of 2021. The international poverty rate used by the World Bank is used in the following list. The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023.
May 20, 1909 – Batanes re-established as province, separated from Cagayan through Act No. 1952. December 20, 1913 – Act No. 2309 renames Moro Province to Department of Mindanao and Sulu and annexes Agusan (with Bukidnon sub-province) to the Department. Department of Mindanao and Sulu formally organized on January 1, 1914.
A discount rate applied times over equal subintervals of a year is found from the annual effective rate d as. where is called the annual nominal rate of discount convertible thly. is the force of interest . The rate is always bigger than d because the rate of discount convertible thly is applied in each subinterval to a smaller (already ...
The Philippine peso has since traded versus the U.S. dollar in a range of ₱24–46 from 1993 to 1999, ₱40–56 from 2000 to 2009, and ₱40–54 from 2010 to 2019. The previous 1903–1934 definition of a peso as 12.9 grains of 0.9 gold (or 0.0241875 XAU) is now worth ₱2,266.03 based on gold prices as of November 2021.
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