the dollar-denominated revenue earned from petroleum exports by oil-producing countries, esp. the members of OPEC
Origin of petrodollars
from petro- (sense ) + dollarpetrodollars
pet·ro·dol·larsWebster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"petrodollars." YourDictionary, n.d. Web. 24 March 2019. <https://www.yourdictionary.com/petrodollars>.
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petrodollars. (n.d.). Retrieved March 24th, 2019, from https://www.yourdictionary.com/petrodollars
petrodollars
plural noun
Money in any number of currencies that is paid to oil-producing countries, which then deposit it into Western banks.
THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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MLA Style
"petrodollars." YourDictionary, n.d. Web. 24 March 2019. <https://www.yourdictionary.com/petrodollars>.
APA Style
petrodollars. (n.d.). Retrieved March 24th, 2019, from https://www.yourdictionary.com/petrodollars
Noun
plural
- plural form of petrodollar
- Money earned through the sale of petroleum.
- The mid-east is awash in petrodollars that need to be invested.
Usage notes
- Usually used in the plural.
English Wiktionary. Available under CC-BY-SA license.
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MLA Style
"petrodollars." YourDictionary, n.d. Web. 24 March 2019. <https://www.yourdictionary.com/petrodollars>.
APA Style
petrodollars. (n.d.). Retrieved March 24th, 2019, from https://www.yourdictionary.com/petrodollars
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.
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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Cite this page
MLA Style
"petrodollars." YourDictionary, n.d. Web. 24 March 2019. <https://www.yourdictionary.com/petrodollars>.
APA Style
petrodollars. (n.d.). Retrieved March 24th, 2019, from https://www.yourdictionary.com/petrodollars
