Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Global Central Banks Intend to Diversify Reserves Away From the US Dollar

Bloomberg ·
Global Central Banks Intend to Diversify Reserves Away From the US Dollar
  • Global central banks are signaling a shift toward reducing their long-term reliance on the US dollar as a reserve currency.
  • The euro and the renminbi are emerging as the primary alternatives, with advanced economies leaning toward the euro and emerging markets favoring the renminbi.
  • The trend toward de-dollarization is also supported by public pension funds and sovereign wealth funds.

Quotes

“with advanced economies favoring the former and emerging markets focusing on the latter.”— Official Monetary and Financial Institutions Forum

Sources

Global Central Banks Intend to Diversify Reserves Away From the US Dollar — Heurist Finance