Petrodollars

Petrodollars,

What is Petrodollars?

Petrodollars means, Petrodollars are US dollars paid to sell products to an oil-exporting country. Simply put, the petrodollar system is the exchange of oil for US dollars between oil-buying countries and their producers.

Meanings of Petrodollars

  1. A fictitious currency unit that a country derives from oil exports.

Sentences of Petrodollars

  1. Petrodollars are flowing into the kingdom

Petrodollars,

Petrodollars means,

  1. Petrodollars are US dollars paid to sell products to an oil-exporting country. Simply put, the petrodollar system is the exchange of US dollars for oil between oil-buying countries and oil-buying countries.

Meanings of Petrodollars

  1. A fictitious currency unit that a country receives when it exports oil.

Sentences of Petrodollars

  1. Petrodollars flow into the kingdom.

Petrodollars,

Petrodollars:

James Chen, CMT, is an experienced trader, investment advisor and global market strategist. He is the author of John Wiley & Sons' books on trade and technology trade and has been a visiting researcher at CNBC, Bloomberg TV, Forbes and Reuters, among other financial companies.

  • Petrodollars are US dollars paid to sell oil to an oil-exporting country or simply to convert oil into US dollars.
  • The petrodollar is a major source of income for many OPEC members and other oil exporters.
  • As it is calculated in US dollars, the purchasing power of the petrodollar depends on the value of the US dollar. When the dollar falls, so does the petrodollar.
  • The petrodollar gained importance during the oil crisis of the 1970s and lost ground in the early 2000s.
  • The petrodollar system creates a surplus and creates large US dollar reserves for oil exporters that need to be recycled, ie.

Meanings of Petrodollars

  1. A fictitious currency unit obtained by exporting oil to a country.

Sentences of Petrodollars

  1. Petrodollars are flowing into the country.