petrodollar
/ˈpɛtroʊˌdɑlər/
noun
- Money earned by a country from exporting oil, especially when used in international trade or investment.
- The rise in oil prices led to a flood of petrodollars into the region.
- Many Middle Eastern nations invest their petrodollars in global real estate markets.
- The country's economy relies heavily on petrodollars from its oil exports.