Petrodollars meaning

pĕtrō-dŏlərz
Money in any number of currencies that is paid to oil-producing countries, which then deposit it into Western banks.
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The dollar-denominated revenue earned from petroleum exports by oil-producing countries, esp. the members of OPEC.
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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.
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Plural form of petrodollar.
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Money earned through the sale of petroleum.

The mid-east is awash in petrodollars that need to be invested.

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