Bessent Says US Allies in Gulf, Asia Requested Swap Lines
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Scott BessentTreasury Secretary Scott Bessent said Wednesday that many Persian Gulf allies along with a number of Asian nations have requested foreign exchange swap lines with the US, and pointed to the potential for such arrangements to support dollar-denominated lending overseas.“Many of our Gulf allies have requested swap lines,” Bessent said in answering questions at a Senate Appropriations subcommittee, a day after President Donald Trump confirmed that a currency swap with the United Arab Emirates was under consideration. “Numerous other countries, including some of our Asian allies, have also requested them.”