(Reuters) - However, she said: "The United States benefits from the fact that the largest share of world currency reserves are held in dollar-denominated assets. Among these benefits is our ability to borrow from the rest of the world at a low interest rate."
Speculation that world central banks may diversify some of their reserves into other currencies such as the euro was one of the factors that contributed to dollar weakness in 2006. Countries including China, Russia, Sweden and Iran have cut dollar allocation in their reserves.
Read more at Reuters.com Business News
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