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Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars"). [3] It generally refers to the phenomenon of major petroleum-exporting states , mainly the OPEC members plus Russia and Norway, earning more money from the export of crude oil than they could efficiently invest in ...
"Petrocurrency" or (more commonly) "petrodollars" are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway.Especially during periods of historically expensive oil, the associated financial flows can reach a scale of hundreds of billions of US dollar-equivalents per year – including a wide range of transactions in a variety of currencies ...
Petrodollars are almost completely unexplained by the remaining text, but well explained at Petrodollar recycling. I recommend re-directing to that article. Take a look and see what you think? —Patrug 10:39, 4 January 2016 (UTC) @Patrug: I did a quick overview and it looks good to me. I support a redirect, perhaps merging with some parts on ...
Petro-Islam is a neologism used to refer to the international propagation of the extremist and fundamentalist interpretations of Sunni Islam [1] derived from the doctrines of Muhammad ibn Abd al-Wahhab, a Sunni Muslim preacher, scholar, reformer and theologian from Uyaynah in the Najd region of the Arabian Peninsula, [2][3][4][5][6] eponym of ...
Three cases of a country using or pegging the currency of a neighbor. Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1] Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
Spokeo warns to watch out for these 10 senior citizen scams that target their hard-earned savings. 1. Romance Scams. Flattery has no expiration date, and many a lonely or bereaved senior has found ...
Here are a few dos and don’ts for keeping your money safe: Do use a credit card. Checks and debit cards don’t have the same scam protections. Don’t give payment info over the phone. Find the ...
As coal gave way to oil, the organizing power of the miners gave way to that of oil producing states, which empowered bankers lending out petrodollars, and enabled China to redirect its economy to producing cheap consumer goods. Scientists began understanding the workings of the global climate, while Soviet emigrés in the United States were ...