Washington, April 22 -- The United Arab Emirates has expressed gratitude to US President Donald Trump for his mention of a potential currency swap, while simultaneously asserting its robust financial standing during the ongoing instability caused by the conflict with Iran.

In a formal communication, the UAE Embassy in Washington clarified that any implication that the nation requires outside economic assistance "misreads the facts." The embassy pointed to the country's massive wealth to support this stance, specifically noting more than USD 2 trillion held in sovereign investment assets alongside foreign currency reserves exceeding USD 300 billion.

Reinforcing this economic position, the Emirati authorities further emphasised the resili...