the dollar-denominated revenue earned from petroleum exports by oil-producing countries, esp. the members of OPEC
Origin of petrodollars; from petro- (sense ) + dollar
Money in any number of currencies that is paid to oil-producing countries, which then deposit it into Western banks.
- Usually used in the plural.
petrodollars - Investment & 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.