Central banks oppose dollar for first time in 80 years

Reports indicate that the majority of central banks plan to reduce their investments in the US dollar over the next decade, rather than increase them, after relying on the purchase of US Treasury bonds for 80 years. This shift is driven by political risks and geopolitical tensions, especially following the freezing of Russian reserves in 2022, which prompted countries to diversify their holdings. Consequently, there is increasing interest in gold, which now constitutes 27% of reserves instead of US bonds. Although the dollar still makes up more than half of global reserves, these changing trends reflect notable shifts in the international reserve system.

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