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petrodollars Definition

petro·dol·lars (pe′trō däl′ərz)

the revenue, in terms of dollars, accumulated by oil-producing countries in the Middle East from the sale of petroleum

Etymology: < petro- (sense ) + dollar

petrodollars Related Forms
pet′ro·dol′·lar adjective
petrodollars Finance Definition
An informal term that refers to U.S. dollars that are received by oil-producing countries in payment for oil exports and are deposited in U.S. or European banks.

Browse dictionary entries near petrodollars

  1. ‹ petrochemical
  2. ‹ petro-
  3. ‹ Petrine
  4. ‹ petrify
  5. ‹ petrified
  6. ‹ petrifaction
  7. ‹ Petrie
  8. ‹ petri plate
  9. ‹ petri dish
  10. ‹ petrel
  1. petrogenesis ›
  2. petroglyph ›
  3. Petrograd ›
  4. petrography ›
  5. petrol ›
  6. petrolatum ›
  7. petroleum ›
  8. petroleum jelly ›
  9. petrology ›
  10. petronel ›