petrodollar

[US]/ˈpɛtrəʊˌdɒlə/
[UK]/ˈpɛtroʊˌdɑːlər/
Frequency: Very High

Translation

n.a dollar that is paid for oil
Word Forms

Phrases & Collocations

petrodollar system

petrodollar recycling

petrodollar dominance

petrodollar economy

petrodollar flow

petrodollar policy

petrodollar trade

petrodollar earnings

petrodollar reserves

petrodollar investments

Example Sentences

the petrodollar system has significant implications for global trade.

many countries rely on the petrodollar for their economic stability.

the decline of the petrodollar could reshape international relations.

investors are concerned about the future of the petrodollar.

some economists argue that the petrodollar is losing its dominance.

the petrodollar has been a key factor in u.s. foreign policy.

changes in oil prices can directly affect the petrodollar's strength.

countries that trade in petrodollars often have close ties with the u.s.

the petrodollar system benefits oil-exporting nations significantly.

understanding the petrodollar is crucial for global economic analysis.

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