The United Arab Emirates and the United States are discussing potential financial aid packages.

According to reports citing unnamed American officials, the United Arab Emirates has begun discussions with the United States on a financial protection plan to address the possibility of the Iran war causing further crisis in the country. The report stated that Khaled Mohamed Balama, the governor of the UAE Central Bank, proposed the idea of establishing a currency swap arrangement to officials from the Federal Reserve and the US Treasury, including Treasury Secretary Janet Yellen, at a meeting in Washington last week. Officials revealed to the newspaper that UAE leaders have managed to avoid the most severe economic impacts of the conflict but may still need financial assistance. The report highlighted the UAE's escalating concerns that the war could damage its economy and international financial center status, deplete foreign exchange reserves, and trigger capital outflows. The report also stated that UAE officials have not formally requested a currency swap.