October 20, 2026
Business

US retreat from its allies could hurt dollar’s status, BoE’s Catherine Mann says(Soban News)

The United States could draw lessons from Britain, where the pound’s share of global reserves shrank from 80% in 1900 to 5% now, Mann said. The dollar accounted for 58% of global official currency reserves last year, according to data from the International Monetary Fund, down from 65% in 2016.

​The United States could draw lessons from Britain, where the pound’s share of global reserves shrank from 80% in 1900 to 5% now, Mann said. The dollar accounted for 58% of global official currency reserves last year, according to data from the International Monetary Fund, down from 65% in 2016. by Soban News (international And National News)

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