President Trump said on Tuesday that the United States was considering helping the United Arab Emirates financially and a currency swap wi...
President Trump said on Tuesday that the United States was considering helping the United Arab Emirates financially and a currency swap with the Middle East nation was under consideration. "It is," Trump told CNBC when asked if a currency swap with the UAE was under consideration, calling them a good ally. "They're really led by incredible people ... I mean, I'm surprised, because they are really rich," Trump said. "If I could help them, I would, I mean, we're helping them much more with what we're doing with the war," Trump said, referring to the US and Israel's war with Iran. Read More: Pakistan returns $2 billion more to UAE The Wall Street Journal reported that the UAE's central bank governor raised the idea of a currency swap line with US Treasury Secretary Scott Bessent and Federal Reserve officials in meetings in Washington last week, in case the war plunges the oil-rich country into a deeper crisis. "If the UAE had a problem — I find it hard to believe — but if they had a problem, we would be there for them," said Trump.
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