Petrodollar

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Petrodollar

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

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Translation of Petrodollar

Thesaurus of Petrodollar

Finance > Monetary economics > Money market > Petrodollar
Finance > Monetary relations > International finance > International liquidity > Petrodollar

See also

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