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petrodollars

[pe-troh-dol-erz]
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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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Origin of petrodollars

1970–75; petro-2 + dollars
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for petrodollar

petrodollar

noun
  1. money, paid in dollars, earned by a country for the exporting of petroleum
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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

n.

1974, "surplus of petroleum exports over imports of all other goods," as a notational unit of currency (in reference to OPEC nations), formed in English from petro- (2) + dollar.

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Online Etymology Dictionary, © 2010 Douglas Harper