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OMFIF survey shows central banks plan to cut dollar holdings over next decade

OMFIF survey shows central banks plan to cut dollar holdings over next decade

Survey of 90 public investors overseeing about $10 trillion points to a more multipolar reserve system, stronger near-term demand for gold and wider planned AI use.

Fact Check
The primary OMFIF Global Public Investor 2026 report page confirms the survey of 90 institutions managing over $10 trillion and the historic shift toward reducing dollar holdings, rising gold demand, and expanding AI use. The Reuters article corroborates every element of the headline claim, including the multipolar reserve system finding (79% of central banks), stronger near-term gold demand (net 30% planning to increase within 1-2 years), and wider planned AI adoption. Both the originating source and independent reporting align precisely with the claim.
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Summary

Central banks are increasingly preparing for a reserve system less dominated by the U.S. dollar, with more planning to reduce dollar allocations than raise them over the next decade, according to an OMFIF survey released on Tuesday. The poll of 90 central banks, public pension funds and sovereign funds overseeing about $10 trillion found this is the first time the survey has shown a shift away from the dollar, while also highlighting stronger demand for gold, continued interest in the euro and Chinese renminbi despite structural constraints, and a broad push to expand AI use. OMFIF said 79% of central banks and 60% of public funds expect the global monetary system to become more multipolar, a change that could influence reserve allocation, capital flows and broader financial stability.

Terms & Concepts
  • reserve asset: An asset central banks hold for stability and liquidity.
  • multipolar monetary system: A reserve system led by several major currencies rather than being dominated by one.
  • renminbi: China’s official currency, also called the yuan.