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Politics
Treasury weighs credit swaps as backstops for allies during war
April 24, 2026
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Posted 2 hours ago by
Treasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia who are seeking financial backstops due to the Iran war. Discussions with those countries about U.S. dollar swap lines “are part of ongoing, routine conversations that @USTreasury has been having with []...Click to read more
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