petrodollar system

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:category gptkb:economic_policy
international finance
energy economics
gptkbp:effect US dollar as global reserve currency
US economic influence
increased demand for US dollar
https://www.w3.org/2000/01/rdf-schema#label petrodollar system
gptkbp:involves gptkb:OPEC
gptkb:Saudi_Arabia
gptkb:United_States
gptkbp:mechanismOfAction oil priced in US dollars
oil-exporting countries reinvest US dollars
gptkbp:originatedIn 1970s
gptkbp:purpose facilitate global oil trade
stabilize US dollar
gptkbp:relatedTo gptkb:US_dollar
oil trade
gptkbp:bfsParent gptkb:oil_pricing_(petrodollar)
gptkb:US_Dollar
gptkbp:bfsLayer 5