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petrodollars

[ pe-troh-dol-erz ]
/ ˈpɛ troʊˌdɒl ərz /
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plural noun

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. 2021

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