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Bessent defends U.S. dollar swap lines as Iran war harms global finances
Treasury Secretary Scott Bessent in a social media post Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia during the Iran war. The ongoing discussions with those countries about U.S. dollar swap lines "are part of ongoing, routine conversations that @USTreasury has been having with our partners over a number of years," Bessent said.
Treasury Secretary Scott Bessent in a social media post Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia during the Iran war. The ongoing discussions with those countries about U.S. dollar swap lines "are part of ongoing, routine conversations that @USTreasury has been having with our partners over a number of years," Bessent said.