The United States Is Discussing Currency Swap Lines With Other Countries, Including Gulf and Asian Partners

[william]

BESSENT: “They are a testament to the U.S. dollar’s primacy and the strength of America’s economic shield.”“Many of these countries have pristine sovereign balance sheets and large dollar holdings – larger than many major economies with whom we maintain permanent swap facilities.”“Extending permanent swap lines can be a major first step in creating new U.S. dollar funding centers in the Gulf and Asia.”

https://twitter.com/x/status/2047686817667834105

 

[NuclearID]

The United States is discussing currency swap lines with other countries including Gulf and Asian partners, Treasury Secretary Scott Bessent said on Friday, after a number of allies sought help in dealing ‌with fallout from the Iran war.

https://twitter.com/x/status/2047728630965412292