US Treasury Secretary: Gulf and Asian allies have requested the establishment of a US dollar swap line According to a report by Golden Finance, on April 23rd, the United States is considering providing currency swap quotas to the United Arab Emirates and other Gulf and Asian allies whose development has been impacted by Trump's war with Iran. On Wednesday, when discussing financial instruments that ensure access to the US dollar and help maintain financial stability, US Treasury Secretary Besson said, "Whether it's swap lines from the Federal Reserve or the Treasury Department, they are all meant to maintain order in the US dollar financing market and prevent US assets from being sold off in a disorderly manner." Besson made the above remarks during a hearing of the Senate Appropriations Committee. The day before, Trump confirmed reports that he was considering establishing exchange quotas with the United Arab Emirates. Besent stated that any such arrangement would benefit both the United Arab Emirates and the United States. He did not specify which other countries have made requests. UAE Ambassador to Washington, Youssef Otaiba, stated that any suggestion that the UAE needs external financial support is a misinterpretation of the facts. A person familiar with the UAE's ideas said that exchanging quotas is an "emergency measure". This is about building confidence and demonstrating that the UAE is one of the most trusted economies like Japan and Europe, and the United States is categorizing the UAE in this category.