COFER Data Reveals Shifts in Global Reserve Composition

The International Monetary Fund (IMF) released its quarterly COFER data for Q2 2026, providing insights into the composition of official foreign exchange reserves. According to Goldman Sachs Research, the headline share of US Dollar (USD) reserves ticked down in the past quarter, remaining just above the low reached in Q4 2025.

The valuation-adjusted share of Euro (EUR) reserves increased during this period, while Japanese Yen (JPY) reserves declined. The shares of other currencies remained roughly stable.

This data is significant as it reflects changes in global reserve management strategies and currency preferences among central banks and institutions. The COFER report provides a snapshot of the complex dynamics at play in international finance.