petrodollars

American  

[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.

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Etymology

Origin of petrodollars

1970–75; petro- ² + dollars ( def. )

Example Sentences

Petrodollars have funded impressive construction projects, including the “mini Dubai” near the president’s birthplace.

From The Guardian • Nov. 3, 2015

Petrodollars make up more than 90 percent of South Sudan’s revenues.

From Slate • Feb. 17, 2014

Petrodollars and multinationals have set down roots; gasohol and meltdowns are not likely to flee from the headlines.

From Time Magazine Archive

Petrodollars, he reasons coldly, can rig almost anything, including the stock market.

From Time Magazine Archive