Countries shifting away from the US dollar

The holdings of gold in the foreign exchange reserves of central banks have grown worldwide.

According to the World Gold Council, the banks have built up their gold stockpiles by more than 4500 tons over the past decade. As of September 2021, the reserves in gold totalled some 36,000 tons

The presence of the dollar in foreign exchange reserves has dropped sharply over the past decade. In first 9 months of 2021, Thailand bought 90 tons of gold, India 70 and Brazil 60.