Simplify the following text for a Grade 8 native English-speaking person.
Original: Its symbol is `` $ '' , with `` RD$ '' used when distinction from other pesos ( or dollars ) is required ; its ISO 4217 code is `` DOP '' .
Simplified: Its official name is Peso oro and its symbol is `` $ '' with RD in front of it ( RD$ ) to differentiate it from other pesos or dollars . The ISO 4217 for the Dominican peso is DOP .