petrodollars

[ pe-troh-dol-erz ]

plural noun

1. surplus revenues in dollars accumulated by petroleum-exporting countries, as those of the Middle East, especially when then used for foreign loans or investments.

Word History and Origins

Origin of petrodollars¹

1970–75; petro- ² + dollars ( def )

Example Sentences

Since the invasion of Ukraine, Russia’s oil and gas sector has been targeted by an ever-tightening net of international sanctions designed to curb the flow of petrodollars.

From Seattle Times

Global instability keeps the petrodollars flowing.

From Los Angeles Times

It’s the latest move into sports by Middle Eastern funds, whose coffers are bulging with petrodollars and which have been eager to build up soft power by buying into global brands.

From New York Times

Abu Dhabi’s petrodollars have been spent wisely so debt-free City goes to Istanbul for its second Champions League final in three years and fresh from sealing a seventh Premier League title in 12 seasons.

From Seattle Times

President George W. Bush and his generals promised to deliver a thriving democracy and prosperous economy - a sharp contrast to Saddam's rule when innocent people were tortured and killed and billions of petrodollars were squandered.

From Reuters