Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one - Reuters

Bessent stated that Gulf and Asian allies have requested swap lines from the United States. She specifically noted that both the United Arab Emirates (UAE) and the US would benefit from such a financial arrangement. These swap lines are agreements between central banks to exchange currencies, providing liquidity and stability in international financial markets. Such arrangements are typically used to manage currency fluctuations or provide dollar liquidity during times of economic stress. Establishing these lines could strengthen financial ties and provide economic security for the involved nations.