UAE Central Bank Governor Khaled Mohamed Balama raised the idea of a currency swap line with Federal Reserve and US Treasury officials, including Treasury Secretary Scott Bessent, during meetings in Washington last week, according to the report.
The Emirati leaders said they have avoided the worst economic effects of the conflict but might still need a financial lifeline, the officials told the Journal.
The discussions underscore UAE’s growing anxiety that the war could harm its economy and position as an international financial center, draining foreign currency reserves and triggering capital flight, according to the WSJ. Emirati officials haven’t formally requested a swap line, the Journal said.
The war has inflicted damage on the UAE’s energy infrastructure and blocked oil shipments through the Strait of Hormuz, cutting off a critical stream of dollar income.
In an interview Sunday on ABC’s This Week, Reem Al Hashimy, the UAE’s minister of state for international cooperation, said the sheikhdom has been hit with more than 2,800 missiles and drones since the US-Israeli war with Iran began on Feb. 28.
IamInternationalBig on
What would be in it to gain for the United States to offer a currency swap to UAE?
UAE needs to offer something in return. Otherwise, they can pick themselves up by the bootstraps and cut back on the avocado toast.
ThePensiveE on
Taking from the American taxpayers to give to the Emirates and other Middle East royalty/oligarchy so they can turn around and funnel money to the Kushners, Witkoffs, and Trump’s of the world.
The circle of GOP grift is complete.
Kalorama_Master on
Been to the UAE and had to endure Emirates telling how wealthy and more advanced they were than the US.
Like someone said above, they should cut back on their avocado toast. By avocado toast I mean having multiple exotic super cars, opulent amenities, and of course Dubai Chocolate…err I mean paying western girls quarter of a million dollars to be used as toilets.
They got plenty of money and a huge social welfare program.
One-Sprinkles-7111 on
Why doesn’t the UAE an Saudis with USA air support just roll in an take out the Iranians both countries have a more modern equipped army then the Iranians
WormCastings on
The United Arab Emirates (UAE) made a $500 million investment in the Trump family’s cryptocurrency company, World Liberty Financial, four days before Donald Trump’s second inauguration in January 2025. The deal granted the UAE a 49% stake in the firm, approved by Eric Trump, and was backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and a key figure in its sovereign wealth apparatus.
-Sofa-King-Vote on
Dubai getting bailed out by American taxpayers ain’t that some shit (tax payers back up any swap)
The emirs must have given too much cash to Instagram Models so they could shit on them. Naughty naughty
7 Comments
quote:
UAE Central Bank Governor Khaled Mohamed Balama raised the idea of a currency swap line with Federal Reserve and US Treasury officials, including Treasury Secretary Scott Bessent, during meetings in Washington last week, according to the report.
The Emirati leaders said they have avoided the worst economic effects of the conflict but might still need a financial lifeline, the officials told the Journal.
The discussions underscore UAE’s growing anxiety that the war could harm its economy and position as an international financial center, draining foreign currency reserves and triggering capital flight, according to the WSJ. Emirati officials haven’t formally requested a swap line, the Journal said.
The war has inflicted damage on the UAE’s energy infrastructure and blocked oil shipments through the Strait of Hormuz, cutting off a critical stream of dollar income.
In an interview Sunday on ABC’s This Week, Reem Al Hashimy, the UAE’s minister of state for international cooperation, said the sheikhdom has been hit with more than 2,800 missiles and drones since the US-Israeli war with Iran began on Feb. 28.
What would be in it to gain for the United States to offer a currency swap to UAE?
UAE needs to offer something in return. Otherwise, they can pick themselves up by the bootstraps and cut back on the avocado toast.
Taking from the American taxpayers to give to the Emirates and other Middle East royalty/oligarchy so they can turn around and funnel money to the Kushners, Witkoffs, and Trump’s of the world.
The circle of GOP grift is complete.
Been to the UAE and had to endure Emirates telling how wealthy and more advanced they were than the US.
Like someone said above, they should cut back on their avocado toast. By avocado toast I mean having multiple exotic super cars, opulent amenities, and of course Dubai Chocolate…err I mean paying western girls quarter of a million dollars to be used as toilets.
They got plenty of money and a huge social welfare program.
Why doesn’t the UAE an Saudis with USA air support just roll in an take out the Iranians both countries have a more modern equipped army then the Iranians
The United Arab Emirates (UAE) made a $500 million investment in the Trump family’s cryptocurrency company, World Liberty Financial, four days before Donald Trump’s second inauguration in January 2025. The deal granted the UAE a 49% stake in the firm, approved by Eric Trump, and was backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and a key figure in its sovereign wealth apparatus.
Dubai getting bailed out by American taxpayers ain’t that some shit (tax payers back up any swap)
The emirs must have given too much cash to Instagram Models so they could shit on them. Naughty naughty