- 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 of petrodollars
1970–75; petro-2 + dollars
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for petrodollar
This same ideology was exported out of Saudi Arabia by the power of the petrodollar.Saudi Activist Manal Al-Sharif on Why She Removed the Veil
Manal Al Sharif, Advancing Human Rights
October 30, 2014
They have spent every petrodollar they got, neglecting investment in favor of other projects.
- money, paid in dollars, earned by a country for the exporting of petroleum
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Word Origin and History for petrodollar
Online Etymology Dictionary, © 2010 Douglas Harper