Source item
Open original source ↗A lot of this seems preemptive, given UAE’s large existing FX reserves. Using a swap line for a bit to help maintain the currency peg would be seen as less disruptive than trimming reserves.
Quoted context
These are the quoted author’s words.
UAE admitting they may need external help on dollar access (to maintain their peg). Prob not something you ask if you think the situation is going to calm down shortly. https://t.co/gHWlsupF2J
yieldsearcher ↗