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Petrodollars

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.02 sec.
Petrodollars
Deposits by countries that receive dollar revenues from the sale of petroleum to other countries; the term commonly refers to OPEC deposits of dollars in the Eurocurrency market.
Petrodollars
Revenue that state-owned and state-influenced oil companies derive from the sale of oil. In several Middle Eastern countries, petrodollars are the predominant source of government revenue. They are available for investment and are often traded on the eurocurrency market and/or are used for development purposes. For example, Bahrain used petrodollars in the 1970s and 1980s to finance improvements in its industrial capacity. See also: OPEC, Sovereign Wealth Fund.
petrodollars
The funds that are controlled by oil-exporting countries and have been used to pay for oil imports. Petrodollars are a huge pool of funds available for investment and the purchase of goods and services. Although stated in terms of dollars, the term generally refers to all currencies.
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In the same way that Manchester boss Mark Hughes has come under more scrutiny and pressure since the arrival of Middle Eastern owners and their petrodollars, McLeish accepted that new money meant new expectations.
PRESSURE NO SWEAT - McLEISH by Sunday Mercury (Birmingham, England)
Although I imagine a lack of quality education and a surplus of petrodollars are contributing factors to the psychopathic behaviour.
Money talks by Gulf Daily News (Manama, Bahrain)
During his first four-year term, Ahmadinejad faced criticism over his government's profligate spending of petrodollars when oil prices were soaring, leaving the country more vulnerable when they fell last year.
Iran sets up oil task force with senior officials by Al Arabiya (Saudi Arabia)
 
 
 
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