Global Foreign Exchange Reserves
$13.0 trillion
Currency composition of official reserves held by 149 central banks worldwide · Q3 2025
The Currency Composition of Official Foreign Exchange Reserves (COFER) is a dataset maintained by the International Monetary Fund (IMF) that tracks how 149 central banks allocate their foreign exchange holdings across major currencies including the US Dollar, Euro, Japanese Yen, and British Pound.
USD Dominance
56.92%
▼ 0.16ppvs previous quarter
EUR Share
20.33%
▲ 0.09ppvs previous quarter
CNY Share
1.93%
▼ 0.06ppvs previous quarter
De-dollarization
-9.3pp
since 2015USD share decline
Currency Allocation
Breakdown by Currency
| Currency | Share | Distribution | QoQ |
|---|---|---|---|
🇺🇸USD | ▼ 0.16pp | ||
🇪🇺EUR | ▲ 0.09pp | ||
🇯🇵JPY | ▲ 0.15pp | ||
🇬🇧GBP | ▲ 0.08pp | ||
🇨🇳CNY | ▼ 0.06pp | ||
🇦🇺AUD | ▲ 0.03pp | ||
🇨🇦CAD | ▲ 0.05pp | ||
🇨🇭CHF | ▼ 0.02pp | ||
🌐OTHER | ▲ 0.12pp |
Explore Reserve Currencies
Historical Composition
Share of global reserves by currency, 2015-2025
Quarterly USD Share Change
Key Insights
De-dollarization continues
USD dropped from 71% to 57% share since 2000
Euro holds steady
Stable around 20% for the past decade
Renminbi stalls
Dropped from 2.8% peak to 1.93%
Diversification trend
"Other" currencies grew from 1.7% to ~10%
Understanding COFER Reserve Data
The COFER dataset provides the most comprehensive view of global foreign exchange reserve allocations. Updated quarterly by the IMF, it reveals how central banks worldwide distribute their reserves across major currencies. The ongoing trend of gradual diversification away from the US Dollar toward alternative currencies reflects shifting geopolitical dynamics and the evolving global financial landscape.