IMF Q2 2025 COFER Data Weakens Dedollarization Narratives Cited as Bullish Catalysts for Bitcoin.
The US dollar's global reserve share dropped to 56.32% in Q2 2025, but 92% of that decline was driven by exchange-rate effects, not central bank portfolio changes. Currency adjustments show a marginal decline to just 57.67%, indicating central banks largely maintained their USD holdings.
The IMF's COFER dataset tracks currency reserves from 149 economies in US dollars. In Q2 2025, major currency movements gave the impression of large portfolio reallocations.
According to the report, the DXY index declined by more than 10% in the first half of 2025, its biggest drop since 1973.
The US dollar declined 7.9% against the euro and 9.6% against the Swiss franc in Q2. These swings lowered the USD reserve share from 57.79% to 56.32%. However, this reduction reflected exchange rate effects rather than active reallocation.#TrendingTopic #TRUMP #usa #IMF #BTC $BTC
