pl.n.

Money in any number of currencies that is paid to oil-producing countries, which then deposit it into Western banks.

The money that oil exporters receive from selling oil and then deposit into Western banks. Petrodollars are also known as petrocurrency.

Investopedia Says:
Petrodollars refers to the money that Middle Eastern countries and members of OPEC receive as revenue from Western nations and then put back into those same nations' banks. For example if Libya were to receive money from the U.S. for oil and then put the money into a U.S. bank, that deposited money is referred to as petrodollars.

Related Links:
Learn how a country's current account balance reflects the country's economic health. Understanding The Current Account In The Balance Of Payments
The WTO sets the global rules of trade. But what exactly does it do and why do so many oppose it? What Is The World Trade Organization?

Dollars paid to oil-producing countries and deposited in Western banks. When the price of oil skyrocketed in the 1970s, Middle Eastern oil producers built up huge surpluses of petrodollars that the banks lent to oil-importing countries around the world. In the mid-1980s and 1990s, these surpluses had shrunk because oil prices fell and oil exporters spent a good deal of the money on development projects. By the mid-2000s, the sharp rise in oil prices had again filled the coffers of oil-producing countries, who reinvested billions of dollars back into the West. The flow of petrodollars, therefore, is very important in understanding the current world economic situation. Also called petrocurrency or oil money.

Dansk (Danish)
n. - petrodollar

Français (French)
n. - pétrodollar

Deutsch (German)
n. - Petrodollar

Ελληνική (Greek)
n. - (οικον.) πετροδολάριο

Italiano (Italian)
petrodollaro

Português (Portuguese)
n. - petrodólar (m)

Русский (Russian)
нефтедоллар

Español (Spanish)
n. - petrodólar

Svenska (Swedish)
n. - petrodollar

中文（简体） (Chinese (Simplified))
石油美元

中文（繁體） (Chinese (Traditional))
n. - 石油美元

한국어 (Korean)
n. - 오일달러(산유국이 석유 수출로 획득한)

日本語 (Japanese)
adj. - オイルダラーの
n. - オイルダラー

עברית (Hebrew)
n. - ‮פטרודולר - כינוי לדולר המושג כרווח מיצוא נפט‬

If you are unable to view some languages clearly, click here.

To select your translation preferences click here.