Asian, Gulf Allies Requested US Help Over Dollar Pressures: Bessent

A U.S. currency swap line with the United Arab Emirates and others could be in the works.

U.S. dollar bills in Washington on Nov. 13, 2025. Madalina Kilroy/The Epoch Times

Treasury Secretary Scott Bessent said on April 22 that several U.S. allies in the Gulf region and Asia have approached Washington seeking dollar swap lines to address currency issues.

Over the years, the United States has facilitated currency swaps to maintain liquidity and stabilize global funding markets during times of stress.