petrodollar

noun

pet·ro·dol·lar ˈpe-trō-ˌdä-lər

: a dollar's worth of foreign exchange obtained by a petroleum-exporting country through sales abroad

—usually used in plural

Examples of petrodollar in a Sentence

Recent Examples on the Web Qatar has also gotten into the game, alongside Saudi Arabia, which has long used its petrodollars to buy influence in the region. —

Maha Yahya, Foreign Affairs, 22 Mar. 2022 Moreover, as a region, Kirkuk would enjoy its constitutional share of revenue as well the petrodollars. —

Luay Al Khatteeb, Foreign Affairs, 18 Jan. 2016 The flow of petrodollars enhanced the international status of the dollar while reducing its value in foreign exchange markets. —

Jeff Sommer, New York Times, 22 Sep. 2023 Wagner units protected Syria’s oil fields and, as compensation, received a slice of Syria’s petrodollars, according to Western officials. —

Brian Murphy, Washington Post, 26 Aug. 2023 See all Example Sentences for petrodollar

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'petrodollar.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.