petrodollarn.

Brit.

/ˈpɛtrə(ʊ)ˌdɒlə/, U.S.

/ˈpɛtroʊˌdɑlər/

Origin: Formed within English, by compounding. Etymons: petro- comb. form², dollar n.

Etymology: < petro- comb. form² + dollar n., perhaps after Eurodollar at Euro- comb. form 3a. Compare French Pétro-dollar (September 1974).

A notional monetary unit earned by a country from the export of petroleum. Also attributive (in singular): of, relating to, or designating the surplus of petroleum exports over imports of all other goods.

ΘΚΠ

society > trade and finance > management of money > income, revenue, or profit > [noun] > income of a nation or state > derived from other specific sources

subsidy money1577

petrodollar1973

society > trade and finance > money > standards and values of currencies > [noun] > money of account > for agriculture in Britain and Ireland > in petroleum-exporting countries

petrodollar1973

1973 Sunday Post-Crescent (Appleton, Wisconsin) 5 Nov. a4/4 The next Arab-Israeli War... The weapons would not be ground-to-air missiles but the Arabs' multi-billion dollar abundance of petrodollars.

1974 Times 13 May 26/4 The role of banks in the petrodollar recycling process points to enhanced earnings prospects for the large international banks.

1974 Financial Times 21 Nov. 23/3 The size of the ‘petrodollar’ surplus—defined as the current earnings of the OPEC countries over and above what they can spend on imports—has been estimated at about $60 bn. [sc. thousand million] this year.

1977 Time 18 July 39/1 In Aspen, Colo. the Empress..danced away the Fourth of July at a local night-spot and dropped some petrodollars in Aspen shops.

1987 Resurgence Nov.–Dec. 10/2 The Japanese..are..seeking to recycle their yen surpluses in more creative ways than the petro-dollar recycling of the past decade.

1996 W. Hutton State we're In (rev. ed.) iii. 59 The recycling of the petro-dollars by the international banking system was one of the main novelties of the 1970s.

This entry has been updated (OED Third Edition, December 2005; most recently modified version published online March 2022).

单词	petrodollar
释义	petrodollarn. Brit. /ˈpɛtrə(ʊ)ˌdɒlə/, U.S. /ˈpɛtroʊˌdɑlər/ Origin: Formed within English, by compounding. Etymons: petro- comb. form², dollar n. Etymology: < petro- comb. form² + dollar n., perhaps after Eurodollar at Euro- comb. form 3a. Compare French Pétro-dollar (September 1974). A notional monetary unit earned by a country from the export of petroleum. Also attributive (in singular): of, relating to, or designating the surplus of petroleum exports over imports of all other goods. ΘΚΠ society > trade and finance > management of money > income, revenue, or profit > [noun] > income of a nation or state > derived from other specific sources subsidy money1577 petrodollar1973 society > trade and finance > money > standards and values of currencies > [noun] > money of account > for agriculture in Britain and Ireland > in petroleum-exporting countries petrodollar1973 1973 Sunday Post-Crescent (Appleton, Wisconsin) 5 Nov. a4/4 The next Arab-Israeli War... The weapons would not be ground-to-air missiles but the Arabs' multi-billion dollar abundance of petrodollars. 1974 Times 13 May 26/4 The role of banks in the petrodollar recycling process points to enhanced earnings prospects for the large international banks. 1974 Financial Times 21 Nov. 23/3 The size of the ‘petrodollar’ surplus—defined as the current earnings of the OPEC countries over and above what they can spend on imports—has been estimated at about $60 bn. [sc. thousand million] this year. 1977 Time 18 July 39/1 In Aspen, Colo. the Empress..danced away the Fourth of July at a local night-spot and dropped some petrodollars in Aspen shops. 1987 Resurgence Nov.–Dec. 10/2 The Japanese..are..seeking to recycle their yen surpluses in more creative ways than the petro-dollar recycling of the past decade. 1996 W. Hutton State we're In (rev. ed.) iii. 59 The recycling of the petro-dollars by the international banking system was one of the main novelties of the 1970s. This entry has been updated (OED Third Edition, December 2005; most recently modified version published online March 2022). < n.1973
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