US dollar dominance not threatened

WASHINGTON, D.C.: The status of the US dollar as the world's reserve currency is likely to continue despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve (Fed) official said Thursday.

The dollar continues to be the most widely used currency for international transactions and is top among the notes held by foreign investors as a store of value, Fed Governor Christopher Waller told a conference in the Bahamas, according to prepared remarks.