Dollar Share Rises to 57.13%, Foreign Exchange Reserves Decline

In the first quarter of 2026, the dollar's share of global foreign exchange reserves increased to 57.13%, up from 56.42% in the previous quarter. During the same period, global foreign exchange reserves slightly decreased to $13.1 trillion, down from $13.15 trillion in the previous quarter. James Rickards argued that the dollar's status as a reserve currency is not at risk, explaining that foreign exchange reserves are managed as liquid assets. The Federal Reserve stated that the dollar maintains a central position in foreign exchange transactions and cross-border payments. The U.S. Treasury's financial report for fiscal year 2025 announced that public debt held by the public has reached 99% of GDP, with the Congressional Budget Office projecting this ratio to increase to 101% in 2026 and 120% by 2036. The U.S. Treasury plans to expand its buyback of Treasury bonds to support liquidity, which is interpreted as a measure to bolster liquidity for specific maturities. Japan was reported as the largest foreign holder of U.S. Treasury bonds, holding $1.1167 trillion as of June 2026. Official statistics confirm the dollar's status as a central currency, but the fiscal burden on the U.S. still exists.

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