Petrodollars Definition

pĕtrō-dŏlərz
noun
The dollar-denominated revenue earned from petroleum exports by oil-producing countries, esp. the members of OPEC.
Webster's New World

Plural form of petrodollar.

Wiktionary

Money earned through the sale of petroleum.

The mid-east is awash in petrodollars that need to be invested.
Wiktionary
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other
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.
Webster's New World Finance
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