Argentina, with nine sovereign defaults in 200 years of history and one of the most volatile currencies on the planet, was added to the Fed's currency swap line network last year, and the UAE was added last week, with Treasury Secretary Scott announcing that many Gulf and Asian allies have also requested swap lines.
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Speaker
Jay MartinEvidence Quote
“Argentina, a country with one of the most volatile currencies on the planet and nine sovereign defaults in 200 years of history, was added to that list. And last week, the United Arab Emirates joined them.”
Created: 8/12/2026, 6:41:57 PM
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