Petrodollars
The money that oil exporters receive from selling oil and then deposit into Western banks. Petrodollars are also known as petrocurrency.

Investopedia Says:
Petrodollars refers to the money that Middle Eastern countries and members of OPEC receive as revenue from Western nations and then put back into those same nations' banks. For example if Libya were to receive money from the U.S. for oil and then put the money into a U.S. bank, that deposited money is referred to as petrodollars.

Related Terms:
Cartel
Commodity
OPEC Basket
Organization of Petroleum Exporting Countries - OPEC
Sour Crude
Sovereign Wealth Fund - SWF
Sweet Crude

• Exhaustion
• Exhaustion Gap
• Exhaust Price
• Existing Home Sales
• Exit Fee
• Exit Strategy
• Ex-Legal
• Exordium Clause
• Exotic Currency
• Exotic Option
• Expansion
• Expectations Index
• Expectations Theory
• Expected Return
• Expense
• Expense Limit
• Expense Ratio
• Expense Ratio
• Expiration Cycle
• Expiration Date
• Explicit Cost
• Exponential Moving Average (EMA)
• Exponential Moving Average (EMA)
• Export
• Export-Import Bank Of The United States (Ex-Im Bank)