The Dominican peso is the currency of the Dominican Republic (Spanish: República Dominicana). Its symbol is “$”, with “RD$” used when distinction from other pesos (or dollars) is required; its ISO 4217 code is “DOP”. Each peso is divided into 100 centavos (“cents”), for which the ¢ symbol is used. It is the only currency that is legal tender in the Dominican Republic for all monetary transactions, whether public or private.