Trump says currency swap with UAE under consideration

President Trump said Tuesday that the United States is weighing a currency swap with the United Arab Emirates amid the war with Iran.

Trump said on CNBC that the UAE had been hit by missiles from Iran amid the war and, when asked if a currency swap was under consideration, he said, “it is.”

“It’s been a good ally of ours,” he said. “And you know, these are unusual times.”

“They were able to shoot down most of them, but they did get hit hard,” he said. “They were hit the hardest of the group, actually.”

He said he was “surprised” that the Emiratis would need financial help because “they are really rich.”

“You know they’re very good for this country,” Mr. Trump said of the UAE. “If I could help........

© The Hill