With the Iran War underway, the United Arab Emirates is looking for some economic certainty. The rich Arab nation is home to a lot of foreign-held deposits, and they’re worried investors will pull those funds. So, they’re looking for an economic backstop. Enter: currency swap lines. Today, we explain why the UAE is looking to its close ally, the U.S., for a currency swap line and how it would work.The Indicator has a weekly newsletter! Be among the first to sign up now: npr.org/indicatornewsletter Related episodes: Where the US got $20B to bail out ArgentinaScott Bessent’s $20 billion dollar gamble on ArgentinaFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Kate Concannon is a Senior Supervising Editor at The Indicator From Planet Money. She specializes in topics related to energy and mining, artificial intelligence, and their intersection with cryptocurrency and energy policy. Kate's insights and analyses have been featured in prominent outlets including the University of Illinois Urbana-Champaign, CapRadio, Business Times Journal, WRVO Public Media, World Wealth Journal, and NPR.














