Overview

• According to an OMFIF survey of 75 reserve managers, one in three central banks plan to increase gold allocations over the next two years and 40% expect further gains over the next decade.
• A net 16% of central banks intend to raise euro holdings in the next 12–24 months, and experts project the euro could capture about a 25% share of global reserves by 2030.
• Over the next decade, a net 30% of central banks expect to boost yuan reserves as China rolls out digital yuan initiatives, expands futures contracts and enlarges offshore clearing networks.
• Seventy percent of respondents said US political uncertainty discourages dollar investment, and the dollar’s share of global FX reserves is forecast to decline from 58% today to roughly 52% by 2035.
• Jan Kubicek of the Czech National Bank warned that President Trump’s new tax legislation could prompt central banks to reevaluate US assets, reflecting heightened scrutiny of dollar‐denominated investments.