Definition of "petrodollar" []

• Money earned from the sale of oil. (noun)

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• "There's some speculation that one reason the US invaded Iraq was to defend the petrodollar from the advent of the petroeuro."
• "Their decades-old promise to use only the petrodollar translates into them being an appendage of Pentagon power projection across the Middle East."
• "Leading expert in G. C.C economies, he coined the definition of "petrodollar" in 1973, in order to describe the US dollar-denominated incomes of many oil-rich countries, particularly the Opec States of the Persian Gulf region."