Uploaded May 2026 | Updated September 2026, 2 weeks ago
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
Additional Footage: Getty Images
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Iran War Spurs Debate Over Expanding U.S. Central Bank Swap Lines
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
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
Connect with CNBC News Online
Get the latest news: cnbc.com
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
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Iran War Spurs Debate Over Expanding U.S. Central Bank Swap Lines
