PETRODOLLARS

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petrodollars
n. surplus revenues in dollars accumulated by countries that export petroleum


Wikipedia English The Free EncyclopediaDownload this dictionary
Petrodollar
A petrodollar is a U.S. dollar earned by a country through the sale of petroleum. The term was coined by Ibrahim Oweiss, a professor of economics at Georgetown University, in 1973. Oweiss felt there was a need for a word to describe the situation which was occurring in the OPEC countries, balance of trade is largely offset by its role as a reserve currency. Given the general tendency for crude oil prices to rise and become more volatile in recent years, it may even be argued that crude oil trading may, in the long term, be a significant liability for the stability of the currency in which the trade is conducted.
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BabylonGerman English dictionaryDownload this dictionary
Petrodollar (der)
n. petrodollar

Dizionario inglese-italiano 1.0.012Download this dictionary
PETRODOLLARS
PETRODOLLARI. PETROLDOLLARI

English - Thai, Dictionary of CherngXDownload this dictionary
petrodollars
n. เงินดอลลาร์จากประเทศที่ส่งน้ำมันดิบ

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