Securing PHP scripts

In an attempt to secure the PHP/PostgreSQL server Im working on, I've setup Postgres so that any connection made to the database requires a valid password.

Now to connect to the DB via PHP, I have the password hard coded (which is in clear text).

Here is my question: Is there a way around storing the password in clear text?

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Regards

Cody Phanekham

Email: cody(dot)phanekham(at)salmat(dot)com(dot)au
Ext: 2183
Phone: 02 9353 2183

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