Economics

Central Banks Expect Dollar to Reign Supreme for Another 25 Years

Dollar still the ‘ultimate safe-haven currency’: UBS report
Chinese yuan expected to chip away at greenback’s share

Stacks of $1 dollar notes move through a machine at the U.S. Bureau of Engraving and Printing in Washington, D.C. — Stacks of $1 dollar notes move through a machine at the U.S. Bureau of Engraving and Printing in Washington, D.C.
Photographer: Andrew Harrer/Bloomberg

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By Katie Greifeld

October 16, 2019 at 9:00 AM UTC

This article is for subscribers only.

Foreign-exchange reserve managers at central banks around the globe expect the dollar to remain dominant for at least another quarter-century.

Roughly 66% of managers believe the greenback will remain the reserve currency of choice over the next 25 years, according to a UBS Asset Management survey of 30 central banks. The U.S. currency accounts for about 62% of global central banks’ $11.7 trillion foreign-exchange reserves, the International Monetary Fund said last month.