Back to today’s briefing

Story perspectives

Treasury Confirms Gulf, Asian Allies Seek Dollar Swaps

4/23/2026

48 6 Full Breakdown

Summary

Story summary

U.S. Treasury Secretary Scott Bessent announced on April 22, 2026 that Gulf and Asian allies have requested U.S. dollar swap lines.
He said the swaps aim to expand dollar-denominated lending and reduce volatility from the Iran war.
UAE Central Bank Governor Khaled Mohamed Balama formally proposed a currency swap with the United States.
President Donald Trump told CNBC he would help with the proposed swap if needed.

1 of 1

Story summary

U.S. Treasury Secretary Scott Bessent announced on April 22, 2026 that Gulf and Asian allies have requested U.S. dollar swap lines.
He said the swaps aim to expand dollar-denominated lending and reduce volatility from the Iran war.
UAE Central Bank Governor Khaled Mohamed Balama formally proposed a currency swap with the United States.
President Donald Trump told CNBC he would help with the proposed swap if needed.