The Dominican dollar is a term commonly used to refer to the currency of the Dominican Republic, which is officially known as the Dominican peso. However, there are several other synonyms for the Dominican dollar that are used interchangeably, including the peso Dominicano, RD$, and DOP. These terms all refer to the same currency, which is the official currency of the Dominican Republic. The Dominican peso is divided into 100 centavos, and is the ninth most traded currency in the Latin American and Caribbean region. Despite being informally referred to as the Dominican dollar, it is important to note that the currency is not pegged to the U.S. dollar.