petrodollars

(redirected from Petrocurrencies)
Also found in: Financial.

pet·ro·dol·lars

(pĕt′rō-dŏl′ərz)
pl.n.
Money in any number of currencies that is paid to oil-producing countries, which then deposit it into Western banks.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

pet•ro•dol•lars

(ˈpɛ troʊˌdɒl ərz)

n.pl.
revenues in dollars accumulated by petroleum-exporting countries, esp. of the Middle East.
[1970–75]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
Translations

petrodollars

[ˈpɛtrəʊdɒlərz] nplpétrodollars mpl
Collins English/French Electronic Resource. © HarperCollins Publishers 2005
Mentioned in ?
References in periodicals archive ?
When petrocurrencies fall while Brent hits 4-year highs, I get nervous.
Cash flows were also helped by external factors such as cost deflation, including rates charged by oilfield services firms, and depreciation of petrocurrencies, which reduced dollar-denominated costs.
While bullish the Russian rouble (the Kremlin has a 600ドル billion in hard currency reserves, offshore money floods into the OFZ debt market, Urals at record high, a fall in inflation, secular fall in capital flight), I know high beta petrocurrencies get hit in a risk sell off.
The fall in Brent crude after the US inventory data has taken a predictable toll on emerging petrocurrencies. The Russian rouble has now fallen to 60.

Full browser ?