petrodollar

/ ˈpɛtrəʊˌdɒlə /

noun

1. money, paid in dollars, earned by a country for the exporting of petroleum

Example Sentences

"If they can bring in the oil producer countries that will be key, given the petrodollar system," said William Gumede, a South African political analyst who has written extensively on BRICS.

From Reuters

After so many years of being untouchable in the transfer market, Real could no longer routinely compete with the limitless wealth of the 'petrodollar' clubs.

From BBC

Its approach of isolating alcohol at the World Cup mirrors the way Qatar has dealt with its furious expansion the past decades: It compartmentalizes society to keep each sector in its place and smooths rough edges with its massive petrodollar wealth.

From Washington Times

Its approach of isolating alcohol at the World Cup mirrors the way Qatar has dealt with its furious expansion the past decades: It compartmentalizes society to keep each sector in its place and smooths rough edges with its massive petrodollar wealth.

From Seattle Times

Saudi Arabia announced plans to pour billions of dollars into investments around the Middle East but made little progress at a flagship business event this week in luring incoming funds to transform its petrodollar economy into a diversified powerhouse.

From Reuters