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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Example sentences
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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