noun
- dollars earned by oil-exporting countries from the sale of petroleum
Usage: economics; usually plural
Examples
- The Middle Eastern nations invested their petrodollars in Western banks.
- Rising oil prices generated massive petrodollars for the exporting countries.
- The government used petrodollars to fund infrastructure projects.
- Petrodollars flowed into sovereign wealth funds during the oil boom.
- The recycling of petrodollars helped stabilize global financial markets.
- Many developing nations struggled to compete with petrodollar investments.