Translation of petrodollar in Spanish:

petrodollar

petrodólar, n.

Pronunciation: /ˈpɛtroʊˌdɑlər//ˈpɛtrəʊˌdɒlə/

noun

  • 1

    petrodólar masculine
    • Nevertheless, in a Nov. 22 report Fitch noted that Mexico has used its oil bounty less productively than Russia, which is running a fiscal surplus even as it spends many of its petrodollars to pay down the country's debt.
    • Oil and gas account for 55% of Russia's exports - and with oil prices around $50 a barrel, the country is raking in petrodollars as never before.
    • The Saudis have hitherto sold oil and bought expensive weapons systems from the Pentagon, as well as recycling surplus petrodollars without question back into US treasuries.
    • As well as pushing up the value of the currency directly, a flood of petrodollars may also undermine manufacturing competitiveness by stoking inflation.
    • With oil prices hovering above $50 a barrel, Russia, the world's second-largest producer of crude after Saudi Arabia, is raking in petrodollars.