Petrodollar
Petrodollar
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Summary of Petrodollar
Dollars remitted to oil-producing countries in settlement of petroleum purchase accounts. As a practical matter, purchases of petroleum from members of the Organization of Petroleum Exporting Countries are usually settled in U.S. dollars because of the immense volumes of currency required for these transactions.
(Main Author: William J. Miller)
Hierarchical Display of Petrodollar
Finance > Monetary economics > Money market
Finance > Monetary relations > International finance > International liquidity
Petrodollar
Concept of Petrodollar
See the dictionary definition of Petrodollar.
Characteristics of Petrodollar
Resources
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Translation of Petrodollar
Spanish: Petrodólar
French: Pétrodollar
German: Petrodollar
Italian: Petroldollaro
Portuguese: Petrodólar
Polish: Petrodolar
Thesaurus of Petrodollar
Finance > Monetary economics > Money market > Petrodollar
Finance > Monetary relations > International finance > International liquidity > Petrodollar
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