petrodollar UK /ˈpɛtɹə(ʊ)ˌdɒlə/US /ˈpɛtɹoʊˌdɑlɚ/ noun[before a noun, in the plural]1 •Money (either notionally or specifically in dollars or other currencies) earned from the sale of oil, often especially as considered among a national economy's principal revenue streams. formspetrodollars