Trump Considering Currency Swap With UAE

The Emirati ambassador to the United States said his country is ‘one of the world’s most financially resilient economies.’

A couple sits at Creek Harbour, with the Burj Khalifa visible in the background, in Dubai, United Arab Emirates, on April 3, 2026. Fadel Senna / AFP via Getty Images

U.S. President Donald Trump said on April 21 that the United States was considering a currency swap with the United Arab Emirates to help the Gulf state financially.

When asked on CNBC’s “Squawk Box” whether a currency swap between Washington and Abu Dhabi was being considered, Trump said “it is,” describing the Middle Eastern state as a “good country” that had been a “good ally” of the United States.