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
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
Gas guzzling SUVs and pickup trucks would have been replaced long ago by electric vehicles and Middle East royalty wouldn’t be rolling in our petrodollars.
—Kathleen Gallagher, Journal Sentinel, 17 Aug. 2023
For now, though diminished, the petrodollar remains the dominant currency for trades in oil and petroleum products.
—David Blackmon, Forbes, 2 Apr. 2023
Such divisions and pressures to trade outside the petrodollar seem likely to only continue to increase as Russia’s war lingers on without resolution.
—David Blackmon, Forbes, 2 Apr. 2023
And those interests are to bring in as many petrodollars as possible for the kingdom not to fall into a budget deficit or see its megaprojects fail.
—Nic Robertson, CNN, 12 June 2023
Among those agreements is the petrodollar, which has been in place for over 50 years.
—Frank Holmes, Forbes, 27 Mar. 2023
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
Gas guzzling SUVs and pickup trucks would have been replaced long ago by electric vehicles and Middle East royalty wouldn’t be rolling in our petrodollars.
—Kathleen Gallagher, Journal Sentinel, 17 Aug. 2023
For now, though diminished, the petrodollar remains the dominant currency for trades in oil and petroleum products.
—David Blackmon, Forbes, 2 Apr. 2023
Such divisions and pressures to trade outside the petrodollar seem likely to only continue to increase as Russia’s war lingers on without resolution.
—David Blackmon, Forbes, 2 Apr. 2023
And those interests are to bring in as many petrodollars as possible for the kingdom not to fall into a budget deficit or see its megaprojects fail.
—Nic Robertson, CNN, 12 June 2023
Among those agreements is the petrodollar, which has been in place for over 50 years.
—Frank Holmes, Forbes, 27 Mar. 2023
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.
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“Petrodollar.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/petrodollar. Accessed 25 Apr. 2024.
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