By David Milliken

LONDON, Dec 3 (Reuters) – The U.S. dollar’s status as a global reserve currency could be undermined by the country’s reduced support for its friends and military allies, Bank of England policymaker Catherine Mann said on Wednesday.

“If you can’t depend on a certain country to be your ally, then why are you holding their currency in reserve?” Mann said at an event in New York hosted by the Global Interdependence Center and Bloomberg.

Mann, a U.S. citizen, has served on the BoE’s Monetary Policy Committee since 2021 and before that was the chief economist at Citi and the Paris-based Organisation for Economic Co-operation and Development.

The United States could draw lessons from Britain, where the pound’s share of global reserves shrank from 80% in 1900 to 5% now, she s

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