NPR.
This is The Indicator for Planet Money.
I'm Adrian Ma.
And I'm Patti Hirsch.
The United Arab Emirates, one of the wealthiest of the Gulf states and home to the vaunted city of Dubai,
has requested something called a currency swap line from the U.S.
And it's not just the UAE.
Treasury Secretary Scott Besant said a number of allies in the Gulf region and in Asia have requested swap lines,
although he did not say which those countries are.
He said they would need those lines, that access to US dollars,
to help deal with energy shocks, another fallout from the Middle East war.
He also said the US would benefit from providing a swap line to the UAE.
Now, there 's some talk that the UAE's withdrawal from the OPEC cartel this week
might have been part of a swap line deal, but that has n't been confirmed.
And we've talked about currency swap lines on the show before, like the one the US extended to Argentina last year.
But on today's show, we 'll explain just how currency swap lines work and why the UAE and maybe
some other countries might need them.
That's all coming up after the break.
This message comes from Indeed.
Hiring?