0 a unit of money earned by countries that produce petroleum for sale to other countries: --
Petrodollars have maintained Kuwait's wealth.
1 a unit of money earned by countries that produce oil for sale to other countries: --
Petrodollars have maintained the country's wealth.
First, does he accept that adequate quotas should be allotted to some of the major oil-producing countries whose petrodollars are still creating problems?
The banks' capital ratios are now stretched, partly as a result of having to recycle the so-called petrodollars.
This depends on what we have come to call the recycling of petrodollars.
As they are incapable of recycling petrodollars into the world economy, that economy continues to diminish.
All countries have a vested interest in recycling petrodollars in their own interest—that is, to solve their balance of payments problems.
It constituted an important part of the recycling process which helped the countries which had suffered as a consequence of the petrodollar surplus.
They have realised that a greater income of petrodollars is not such a great asset unless it can be used sensibly and not squandered.
One must give credit to the commercial banks for the effort they have made in the recycling of petrodollars and other currencies.
