The flow of dollars to oil exporting countries (most of whom are in OPEC) in exchange for their oil to meet the rising demand in developing countries and developed countries.
The Petro dollar market is the relationship between the cost of a good or service in relation to the barrel of oil. Products or services will go up or down in relation to the barrel of oil prices.
"petro" means "oil"
of Boom
The meaning of a retail boom is when sales are going extraordinarily well. In order to be considered a boom, this increase in sales must take place over a short period of time.
The meaning of the word boom is: to make a resonant sound, like artillery; "His deep voice boomed through the hall."
Petro Tkachenko died in 1919.
Petro Tkachenko was born in 1878.
Petro Nishchynsky died in 1896.
Petro Nishchynsky was born in 1832.
Jim Petro was born in 1948.
Petro Nakonechnyi was born in 1982.
Petro Voinovsky died in 1996.