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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

“The petrodollar was always a security guarantee dressed up as a currency arrangement,” he said.

From Barron's

This warning was sounded by Deutsche Bank strategist, Mallika Sachdeva in a special report published Tuesday, subtitled “the perfect storm for the petrodollar.”

From MarketWatch

A secondary, but growing, advantage was China’s erosion of the petrodollar system External link, which refers to the dollar-denominated global oil trade.

From Barron's

The kingdom has been carefully hedging between Washington and Beijing— deepening economic ties with China External link while preserving its security relationship with the U.S. and continuing to anchor the petrodollar system with its oil exports.

From Barron's

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

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