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{%type%} Definitions

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Short "hint"

A United States unit of currency's worth of foreign exchange obtained by an oil-exporting country through sales abroad and usually available for foreign investment. (plural)

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Usage examples (37)
  • They're not only holding dollars, but pricing their oil in "petrodollars".
  • ANGOLA: Allegations of embezzlement of 'petrodollars', by IRIN, the U.N. Office for the Coordination of Humanitarian Affairs, 26 March 2002
  • The discussion was over what to do with the large influx of what would come to be called "petrodollars," the oil revenues of the OPEC nations.
  • In the two oil price crises of 1973 and 1979 the oil exporting countries had won a fistful of 'petrodollars' on the back of the oil price rises.
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