London, 30 June 2026 – Global central banks are preparing to reduce their exposure to the US dollar over the next decade, marking a significant shift in reserve-management sentiment as geopolitical risk, US political uncertainty and diversification pressures reshape official investment strategies.
A new survey by the Official Monetary and Financial Institutions Forum found that, for the first time in the survey’s history, more central banks expect to cut dollar holdings than increase them over the coming decade.
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