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petrodollars

[pe-troh-dol-erz] /ˈpɛ troʊˌdɒl ərz/
plural noun
1.
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
1970-1975
1970-75; petro-2 + dollars
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for petrodollars
  • At present, the petrodollars are converted into local money at a fixed rate and doled out as governments see fit.
  • But petrodollars and reserves are not insignificant.

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