• Petrodollars are US dollars paid to an oil exporting country.

  • Petrodollars are the main source of income for many OPEC members and other oil exporters.
  • Oil exporters settle sales in US dollars as the dollar is the most widely used currency, making it easier for them to invest their export earnings.
  • Some crude oil exporters involved in human rights abuses have suggested that they may accept payment in other currencies.