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. 2019
Examples from the Web for petrodollar
Contemporary Examples of 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
Online Etymology Dictionary, © 2010 Douglas Harper