United States considers currency swap line for United Arab Emirates
Updated
Updated · Bloomberg · May 10
United States considers currency swap line for United Arab Emirates
11 articles · Updated · Bloomberg · May 10
President Donald Trump said in April Washington was weighing financial support for the UAE through a dollar liquidity arrangement.
The disclosure prompted questions over why the wealthy Gulf state might need assistance, whether the talks were linked to the Iran war, and what benefits the US could gain.
Swap lines are a specialised central-bank tool that extend access to dollars and can reinforce US financial influence globally.
How does a financial tool for a rich nation reveal the hidden economic costs of the US war on Iran?
Is this currency swap a US bid to stop the UAE from selling its oil in Chinese yuan?