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In April, U.S. Treasury Secretary Scott Bessent noted requests for permanent swap lines from the United Arab Emirates and other economies weathering the Iran War. Swap lines, typically deployed in emergencies, enable currency exchanges between central banks to prevent global dollar shortages. Recent comments from Kevin Warsh, President Trump’s nominee to lead the Federal Reserve, signal his willingness to collaborate with the Treasury on international issues. CNBC’s Matt Peterson reports.
Reporter: Matt Peterson
Produced and Edited by: Carlos Waters
Camera by: Kaan Oguz
Animation: Emily Park, Jason Reginato
Senior Managing Producer: Shawn Baldwin
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Iran War Spur
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