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{%type%} Definitions

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Short "hint"

A dollar's worth of foreign exchange obtained by a petroleum-exporting country through sales abroad and usually available for foreign investment.

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Usage examples (37)
  • There's some speculation that one reason the US invaded Iraq was to defend the petrodollar from the advent of the petroeuro.
  • It started back in the 70's with "petrodollar recycling."
  • In addition, the resulting petrodollar flood had to be managed.
  • Angst about "petrodollar recycling" made headlines in the 1970s.
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