Exclusive: Central banks eye gold, euro and yuan as dollar dominance wanes

Reuters ^ | 24 Jun 25 | Y Bacelli

[delta7]

Summary Gold seen as biggest winner from dollar diversification Euro seen top currency to benefit in short term - OMFIF survey Yuan favoured by central bankers over a longer time frame Reuters' sources see euro recovering some lost ground quickly Euro share of reserves likely to rise in next few years. LONDON, June 24 (Reuters) - The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows. According to a report, opens new tab by the Official Monetary and Financial Institutions Forum (OMFIF) due to be…..

[TexasGator]

"Trading one failing, mismanaged fiat for another makes no sense. "

i lost $700,000,000 of my clients funds trading one currency for another but I did getveleven years free room and board!

[TexasGator]

[kiryandil]

IATG

IATS

[Robert DeLong]

While I understand your point:

There is by far a bigger risk involved. If one wants to diversify, then one turns to precious metals, not another fiat currency, which I will add also includes the cryptocurrencies. No fiat money has any intrinsic value, just perceived value. While gold has historical value, it too is nothing more than a perceived value. The major difference is that perceived value had been held continuously for many centuries.

However, when push comes to shove all perceptions become vulnerable to realities. 😁👍