Petrocurrency
id:
petrocurrency-166-7599059
title:
Petrocurrency
text:
Petrocurrency is a word used with three distinct meanings, often confused:
- Dollars paid to oil-producing nations—a term invented in the 1970s meaning trading surpluses of oil-producing nations.
- Currencies of oil-producing nations which tend to rise in value against other currencies when the price of oil rises.
- Pricing of oil in US dollars: currencies used as a unit of account to price oil in the international market.
brand slug:
wiki
category slug:
encyclopedia
description:
Financial asset backed by a country's revenues from petroleum exports
original url:
https://en.wikipedia.org/wiki/Petrocurrency
date created:
2004-05-14T14:01:02Z
date modified:
2024-08-29T19:53:21Z
main entity:
{"identifier":"Q10513978","url":"https://www.wikidata.org/entity/Q10513978"}
image:
fields total:
13
integrity:
15