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Encyclopedia :
P :
PE :
PET :
Petrocurrency |
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PetrocurrencyPetrocurrency describes the currency of a country that exports oil: for instance, Saudi Arabian riyals. Pound sterling has become a petrocurrency thanks to North Sea oil exports. The Australian dollar does not fall in this category, since Australia does not export a significant amount of oil every year.
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This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License. |
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| © 2008 Chamas Enterprises Inc. |
