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Global Business / The Economic Times

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US retreat from its allies could hurt dollar's status, BoE's Catherine Mann says

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.

4 Dec 2025 8:35 am