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Meaning of petrodollar in English

petrodollar
noun [ C ]
uk

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/ˈpet.rəʊˌdɒl.ər/ us

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/ˈpet.roʊˌdɑː.lɚ/
a unit of money earned by countries that produce petroleum for sale to other countries:
Petrodollars have maintained Kuwait's wealth.
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(Definition of petrodollar from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

petrodollar | Business English

petrodollar
noun [ C ]
uk

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/ˈpetrəʊˌdɒlər/ us

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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)

Examples of petrodollar

petrodollar
If this is indeed the case, then the strains on the international monetary system imposed by the petrodollar surplus will be easier to handle.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
He also said that the petrodollar surplus in 1980 was likely to be $250 billion.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
These examples are from the Cambridge English Corpus and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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Furthermore, the bulk of petrodollar recycling was carried out largely by means of loans from commercial banks rather than by means of bond issues.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
Agreements have been reached on the recycling of petrodollars, and the prospects for world trade and for commodity prices now look somewhat less bleak.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
Many proposals have been made for what is now commonly known as recycling the petrodollars, and this is one of them.
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
But the potential for extending that surplus with the recycling of petrodollars and all of this is far greater than many of us may believe.
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
The massive load of petrodollar recycling has been shouldered largely by the commercial banks instead of by the development banks.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
One must give credit to the commercial banks for the effort they have made in the recycling of petrodollars and other currencies.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
They have realised that a greater income of petrodollars is not such a great asset unless it can be used sensibly and not squandered.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
It constituted an important part of the recycling process which helped the countries which had suffered as a consequence of the petrodollar surplus.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
All countries have a vested interest in recycling petrodollars in their own interest—that is, to solve their balance of payments problems.
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
As they are incapable of recycling petrodollars into the world economy, that economy continues to diminish.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
This depends on what we have come to call the recycling of petrodollars.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
The banks' capital ratios are now stretched, partly as a result of having to recycle the so-called petrodollars.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 
First, does he accept that adequate quotas should be allotted to some of the major oil-producing countries whose petrodollars are still creating problems?
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0
 

Translations of petrodollar

in Chinese (Traditional)
in Portuguese
in Chinese (Simplified)
石油美元（出售石油所得的美元）…
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petrodólar…
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石油美元（出售石油所得的美元）…
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