Trump says currency swap with UAE is under consideration

President Trump said ​on Tuesday that the United States was considering helping the ‌United Arab Emirates financially and a currency swap with the Middle East nation was under consideration. "It is," ​Trump told CNBC when asked if ​a currency swap with the UAE was ⁠under consideration, calling them a good ally. "They're ​really led by incredible people ... I mean, I'm ​surprised, because they are really rich," Trump said. "If I could help them, I would, I mean, we're ​helping them much more with what we're ​doing with the war," Trump said, referring to the US and ‌Israel's ⁠war with Iran. Read More: Pakistan returns $2 billion more to UAE The Wall Street Journal reported that the UAE's central bank governor raised the idea of a currency swap line with US ​Treasury Secretary ​Scott Bessent ⁠and Federal Reserve officials in meetings in Washington last week, in ​case the war plunges the oil-rich ​country ⁠into a deeper crisis. "If the UAE had a problem — I find it hard to believe — but ⁠if ​they had a problem, ​we would be there for them," said Trump.