petrodollars

[ pe-troh-dol-erz ]
/ ˈpɛ troʊˌdɒl ərz /

plural noun

surplus revenues in dollars accumulated by petroleum-exporting countries, as those of the Middle East, especially when then used for foreign loans or investments.

Origin of petrodollars

1970–75; petro-2 + dollars

Example sentences from the Web for petrodollar

British Dictionary definitions for petrodollar

petrodollar
/ (ˈpɛtrəʊˌdɒlə) /

noun

money, paid in dollars, earned by a country for the exporting of petroleum