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Meanwhile, the global economy remains oil exporters, and their reliance as a reserve currency.
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Bitcoin EXPLODES - Hot Altcoins for 2024Petrodollars are the extra U.S. dollars that oil-exporting producing countries accumulate and have to find a way to spend. Petrodollars are not a currency; they're simply U.S. dollars that have been exchanged for crude oil exports. The term rose to economic and political. Petrocurrency (or petrodollar) is a word used with three distinct meanings, often confused: Dollars paid to oil-producing nations (petrodollar recycling)�a.
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