TERMIUM Plus®

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PETRODOLLAR [1 record]

Record 1 2001-08-31

English

Subject field(s)
  • National and International Economics
  • Currency and Foreign Exchange
CONT

These are funds that oil producing countries have paid into their accounts with Western banks, usually for a short term. As oil is invoiced and paid in US dollars the term 'petrodollars' indicates the source of these funds. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

CONT

... the unpredictable financial consequences of the massive petrodollar surpluses being acquired by the oil states.

OBS

This term is mainly, but not necessarily, used in the plural.

Key term(s)
  • petroleum dollar
  • petrodollars

French

Domaine(s)
  • Économie nationale et internationale
  • Politique monétaire et marché des changes
DEF

Devises en dollars provenant de la vente du pétrole par les pays producteurs.

CONT

Fin 1973, les pays de l'O.P.E.P. (Organisation des pays exportateurs de pétrole) décidèrent le quadruplement du prix du pétrole, ce qui provoqua des déséquilibres importants des paiements courants et accéléra le processus mondial d'inflation. La monnaie de paiement du pétrole étant le dollar [américain], les pays producteurs accumulèrent des créances en dollars [américains] excédant de loin leur capacité d'importation. Ce sont les «pétro-dollars».

OBS

Ces termes sont habituellement, mais pas obligatoirement, utilisés au pluriel.

Key term(s)
  • dollar pétrolier
  • pétrodollars

Spanish

Campo(s) temático(s)
  • Economía nacional e internacional
  • Política monetaria y mercado de cambios
DEF

Dólares pagados a los países productores de petróleo depositados en los bancos de los países industrializados.

Key term(s)
  • petrodólares
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