Trump says administration is weighing currency swap for UAE
Trump confirmed in his CNBC interview that he’s considering a request from the United Arab Emirates Central bank for a currency swap to help secure dollar liquidity for the oil-rich economy that’s been rattled by the Iran conflict.
The president expressed surprise that the nation needs assistance, but made clear he was open to the prospect of making the move to help meet his ally’s concerns.
“I mean I’m surprised because they are really rich,” Trump said. He added, “You know, they’re very good for this country. So, yeah, if I could help them, I would.”
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