Publication date:
Dec 19, 2025
IMF Data Brief: Currency Composition of Official Foreign Exchange Reserves
Little Change in the Composition of International Reserves in Third Quarter of 2025
IMF Currency Composition of Official Foreign Exchange Reserves, World Aggregates, Third Quarter of 2025
Contributors: Erin Nephew, Huong Lan Vu and Hannah Wei
The latest IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey results show that total foreign exchange reserves increased to $13.0 trillion in 2025Q3, up slightly from $12.94 trillion in 2025Q2.
The share of US dollar holdings decreased slightly to 56.92 percent in 2025Q3, from 57.08 percent in 2025Q2. Exchange rate effects on the US dollar share were modest in Q3, after such effects drove nearly all the decline in the US dollar share in 2025Q2.
The share of euro holdings increased to 20.33 in 2025Q3, from 20.24 percent in 2025Q2, little affected by exchange rate movements this quarter.
The share of Chinese renminbi holdings decreased to 1.93 percent in 2025Q3 from 1.99 percent in the previous quarter, also little affected this time by exchange rate movements.
The share of other currencies—excluding the US dollar, euro, and renminbi—increased to 20.82 percent in 2025Q3 from 20.69 percent in 2025Q2, confirming the trend observed in previous quarters.
The share of total reserves for which the currency composition was imputed is 10.4 percent in 2025Q3.
Notes: Starting in 2025Q3, with revisions back to 2000Q1, the IMF has implemented a new COFER methodology. To improve the analytical usefulness of the COFER aggregates and to strengthen the confidentiality of underlying country-specific information, the COFER dataset no longer includes an unallocated component. Instead, IMF staff impute the unallocated portion of COFER to provide a currency composition, in dollars and shares, that covers 100 percent of the world’s foreign exchange reserves. More information is available in the November 2025 technical note: “Improving the Analytical Usefulness of the IMF’s COFER Data”
EMPOWERING THE WORLD WITH DATA
IMF Data is known for its high standard of quality and methodological consistency. With over 50 datasets updated regularly, you always have access to the latest global economic trends and forecasts as well as trusted data for cross country research and analysis.
Check our release calendar for upcoming releases:
