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English definition of “petrodollar”

petrodollar

noun [C]
 
 
/ˈpetrəʊˌdɒlər/
ECONOMICS, MONEY, NATURAL RESOURCES a unit of money earned by countries that produce oil for sale to other countries: Petrodollars have maintained the country's wealth.
(Definition of petrodollar from the Cambridge Business English Dictionary © Cambridge University Press)
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