The Official Monetary and Financial Institutions Forum, known as OMFIF, released its Global Public Investor survey on June 30, 2026, and the headline finding landed with unusual weight. For the first time in the survey’s history, more central banks said they plan to reduce their long-term dollar holdings over the next decade than to increase them.
The numbers behind the shift
The OMFIF survey pulled responses from over 70 central banks, giving it enough breadth to reflect a genuine consensus rather than a few outliers with grievances.
A separate World Gold Council Central Bank Gold Reserves Survey, released on June 16, 2026, reinforced the finding from a different angle. In that survey, 74% of central bank respondents said they expect USD allocations in global reserves to fall over the next five years.
The dollar’s share of global official foreign exchange reserves has already been sliding. It now sits at roughly 58%, down from peaks above 70% in the early 2000s.
