51Թ

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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.


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51Թ History and Origins

Origin of petrodollars1

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Example Sentences

Examples have not been reviewed.

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.

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Global instability keeps the petrodollars flowing.

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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.

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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.

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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.

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