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petrodollar

British  
/ ˈpɛtrəʊˌdɒlə /

noun

  1. 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

Example Sentences

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The petrodollar narrative focuses almost exclusively on the dollar’s role as a medium of exchange and a unit of account.

From Barron's May 27, 2026

In addition, the long-held agreement with Saudi Arabia to recycle oil petrodollar surpluses into U.S.

From MarketWatch Apr. 17, 2026

Citgo and its three U.S. refineries, which today have a combined total refining capacity of about 807,000 barrels a day, became a critical source of petrodollar revenue for Maduro’s government.

From The Wall Street Journal Jan. 6, 2026

"If they can bring in the oil producer countries that will be key, given the petrodollar system," said William Gumede, a South African political analyst who has written extensively on BRICS.

From Reuters Jun. 1, 2023

But the book admirably blends the many facets of the post-1960s petrodollar universe, from geopolitics to political economy, diplomacy to culture.

From Washington Post Aug. 11, 2021

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