petrodollar

petrodollars

[pe-troh-dol-erz]
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:
1970–75; petro-2 + dollars

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Collins
World English Dictionary
petrodollar (ˈpɛtrəʊˌdɒlə)
 
n
money, paid in dollars, earned by a country for the exporting of petroleum

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Dictionary.com's 21st Century Lexicon
Main Entry:  petrodollar
Part of Speech:  n
Definition:  a unit representing money earned by a petroleum-producing and -exporting country
Dictionary.com's 21st Century Lexicon
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Etymonline
Word Origin & History

petrodollar
1974, "surplus of petroleum exports over imports of all other goods," as a notational unit of currency (in ref. to OPEC nations), formed in Eng. from petro-, comb. form of petroleum (q.v.) + dollar.
Online Etymology Dictionary, © 2010 Douglas Harper
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