About this episode
The episode discusses the UAE's search for economic stability through currency swap lines amid the ongoing Iran War.
With the Iran War underway, the United Arab Emirates is looking for some economic certainty. The rich Arab nation is home to a lot of foreign-held deposits, and they’re worried investors will pull those funds. So, they’re looking for an economic backstop. Enter: currency swap lines. Today, we explain why the UAE is looking to its close ally, the U.S., for a currency swap line and how it would work. The Indicator has a weekly newsletter! Be among the first to sign up now: npr.org/indicatornewsletter Related episodes: Where the US got $20B to bail out Argentina Scott Bessent’s $20 billion dollar gamble on Argentina For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org . Fact-checking by Sierra Juarez . Music by Drop Electric . Find us: TikTok , Instagram , Facebook , Newsletter . See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy
People in this episode
Host: NPR
Topics covered
- currency swap lines
- UAE economy
- foreign investments
- Iran War
- economic backstop
Keywords
- UAE
- currency swap
- Iran War
- economic certainty
- foreign deposits
Mentioned in this episode
Organizations: United Arab Emirates, U.S., NPR, Planet Money, Drop Electric
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