Foreign exchange reserve asset composition (as of the end of 2025)

For the first time, gold has surpassed the share of U.S. Treasury bonds within reserve assets. However, dollar-denominated assets as a whole still account for the largest share.

Dollar-denominated assets
42%

Gold
27%

Euro-denominated assets
15%

Other currencies
16%

Source: Reconstructed based on the ECB report 'The International Role of the Euro'