{"id":21588,"date":"2026-04-23T13:25:33","date_gmt":"2026-04-23T08:25:33","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=21588"},"modified":"2026-04-23T13:25:33","modified_gmt":"2026-04-23T08:25:33","slug":"us-treasury-secretary-reveals-gulf-allies-request-currency-swap-facility","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=21588","title":{"rendered":"US Treasury Secretary Reveals: Gulf Allies Request Currency Swap Facility"},"content":{"rendered":"<section class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto [content-visibility:auto] supports-[content-visibility:auto]:[contain-intrinsic-size:auto_100lvh] R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-69561a19-c07c-8331-a726-7a0a9c86b8d1-1\" data-testid=\"conversation-turn-4\" data-scroll-anchor=\"false\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"5ca97d18-a76a-4df2-8660-e16376fb82d0\" data-message-model-slug=\"gpt-5-3\" data-turn-start-message=\"true\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-start=\"1223\" data-end=\"1426\"><strong>US Treasury Secretary Scott Bessent has revealed that several Gulf allied countries have formally requested access to currency swap facilities, marking a significant development in financial cooperation.<\/strong><\/p>\n<p data-start=\"1428\" data-end=\"1629\">According to US media reports, he made this statement during a Senate hearing, noting that the United Arab Emirates is also among the countries seeking this facility to help ensure financial stability.<\/p>\n<p data-start=\"1631\" data-end=\"1846\">Scott Bessent explained that the primary objective of currency swap arrangements is to prevent disorderly and excessive selling of allied countries\u2019 assets in the United States, thereby maintaining market stability.<\/p>\n<p data-start=\"1848\" data-end=\"2015\">He further stated that under such agreements, the United States provides temporary dollar liquidity to the requesting country, enabling it to meet its financial needs.<\/p>\n<p data-start=\"2017\" data-end=\"2201\">The US Treasury Secretary added that in exchange, the United States receives the local currency of that country, helping maintain balance and stability in the overall financial system.<\/p>\n<p data-start=\"2203\" data-end=\"2298\" data-is-last-node=\"\" data-is-only-node=\"\">\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<div class=\"pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]\" aria-hidden=\"true\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury Secretary Scott Bessent has revealed that several Gulf allied countries have formally requested access to currency swap facilities, marking a significant development in financial cooperation. According to US media reports, he made this statement during a Senate hearing, noting that the United Arab Emirates is also among the countries seeking this facility to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[47,46,37],"tags":[11937,11938,7864,11904,208,11936],"class_list":["post-21588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important-news","category-latest","category-world","tag-currency-swap","tag-financial-system","tag-gulf-countries","tag-scott-bessent","tag-united-arab-emirates","tag-usa"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/21588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21588"}],"version-history":[{"count":1,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/21588\/revisions"}],"predecessor-version":[{"id":21590,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/21588\/revisions\/21590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/21589"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}