The United Arab Emirates said it’s discussing a currency swap line with the United States, an arrangement that would allow its central bank to tap U.S. dollars during periods of market stress.
“We have this discussion and conversation with many, it’s part of an elite group that the U.S. is having this swap policy with. They are only having it with five countries,” UAE trade minister Thani Al Zeyoudi said at a conference in Abu Dhabi on May 4.
