FX reserves commonly invested in US Treasuries, bank deposits
SIBs and EU NextGeneration fund trail behind, as reserve managers avoid infrastructure and crypto
Central banks tend to invest a substantial percentage of their total foreign exchange reserves in US Treasuries and bank deposits, the Reserve Benchmarks 2023 find.
US Treasuries average 30.3% of the total foreign exchange reserves portfolios held in 54 respondent jurisdictions. The maximum percentage is 90% in a high income central bank from the Americas.
FX portfolio investments in bank deposits average 23.5% in 46 central banks. One lower-middle income respondent from Africa reports the
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Over 15% of reserve managers plan diversification changes
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Fewer central banks added new reserve assets in 2023
Overall, 10.3% of institutions diversified their asset allocation, down from 18.6% last year
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Ion’s Wallstreet treasury system tops the 2023 rankings
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