Chart notes

17 June, 2025

  1. The full question presented to the survey participants was: “Gold accounted for 19% of total reported reserves (foreign exchange and gold) in Q3 2024. What proportion of total reserves (foreign exchange and gold) do you think will be denominated in gold 5 years from now?”. The responses presented in the chart equate to the following answer options: Less than 10% (Significantly lower), Between 10-18% (Moderately lower), Unchanged (Unchanged), Between 20-25% (Moderately higher), Greater than 25% (Significantly higher). In previous surveys, slightly different percentages were presented as options due to the different proportion of gold in total reserves at the time. The consolidated answers are presented with the labels “Significantly lower”, “Moderately lower”, “Unchanged”, “Moderately higher”, and “Significantly higher” to compare responses across surveys.
  2. The full question presented to the survey participants was: “US dollars accounted for 43% of total reported reserves (foreign exchange and gold) in Q3 2024. What proportion of total reserves (foreign exchange and gold) do you think will be denominated in US dollars 5 years from now?” The responses presented in the chart equate to the following answer options: Less than 40% (Significantly lower), Between 40-42% (Moderately lower), Unchanged (Unchanged), Between 44-50% (Moderately higher), Greater than 50% (Significantly higher).  In previous surveys, slightly different percentages were presented as options due to the different proportion of US dollars in total reserves at the time. The consolidated answers are presented with the labels “Significantly lower”, “Moderately lower”, “Unchanged”, “Moderately higher”, and “Significantly higher” to compare responses across surveys.
     

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