Header and navigation menu

Page content

The UAE and Washington are moving towards a historic currency swap agreement to boost global financial stability

US Treasury Secretary Scott Bisent affirmed that the move to establish a currency swap line with the United Arab Emirates is a strategic step that will greatly benefit both Abu Dhabi and Washington. The Treasury Secretary noted that this mechanism reflects the UAE’s pivotal role as a global financial partner, emphasizing that the anticipated agreement aims to secure liquidity flows and ensure the stability of the shared financial system, serving the best economic interests of both countries and providing a robust and stable investment environment in the face of international volatility. [...]