👉 The term "petrodollars" is often used to refer to the value of one unit of currency in terms of dollars. It is a measure of the price of oil, which is considered the most significant commodity for international trade and investment. In the context of global financial markets, petrodollars are particularly important because they represent the value of international trade flows between countries based on the exchange rate between US dollars and other currencies. This measurement helps to determine the relative importance of different countries in
