The dollar is losing influence: central banks strengthen reserves with gold and yuan

Central banks predict a decline in the dollar's share of global reserves in the next five years, while expecting an increase in investments in gold, according to the World Gold Council (WGC). 

According to a survey of 73 financial regulators, 73% of them predict a moderate or significant reduction in the share of the dollar. This view is shared by developed and emerging economies.

About 45% of respondents expect the dollar's share to fall to 40-42% from 43% recorded in the third quarter of last year, while 28% expect it to fall below 40%. Among the main factors, central banks single out US import duties.

At the same time, 76% of regulators believe that the share of gold in international reserves will grow, possibly to 25% from 19%, which were observed in the third quarter of last year. Interest in other currencies is also expected to grow: 62% predict an increase in the share of the yuan, and 42% – the euro.