petrodollar

British

/ ˈpɛtrəʊˌdɒlə /

noun

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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petrodollar

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

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

But the other major implication is that the petrodollar system just got a big boost.

From MarketWatch ● Jan. 5, 2026

This has left the Saudi government and the Public Investment Fund to try to deliver on the crown prince's diversification promises, aided by a petrodollar windfall.

From Reuters ● Oct. 23, 2022

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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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023