Donald Trump says administration weighing currency swap with UAE

U.S. President Donald Trump has said that he’s considering the possibility of a currency swap with the United Arab Emirates to help the West Asian ally secure U.S. dollars, as its oil-rich economy has been rattled by the Iran conflict.

During an interview with CNBC, the President expressed surprise that the nation needs assistance, but made clear he was open to the prospect of making the move to help meet his ally’s concerns.