US Weighs Permanent Dollar Swap Lines for Gulf and Asian Allies

Treasury Secretary Scott Bessent defended plans to extend permanent Federal Reserve dollar swap lines to Gulf and Asian allies, but no expansion has been formally approved. Disruptions around the Strait of Hormuz have tightened dollar funding for Gulf banks, and President Donald Trump signaled on April 21 that a UAE facility was under active review. If approved, the move would be the largest change to the permanent swap network in over a decade.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin