Euro's global role stayed flat last year, ECB report says
According to the European Central Bank's report, the international role of the euro remained largely flat in 2025 with marginal changes. The dollar retained its position as the world's reserve currency, while geopolitical risks could trigger fresh currency moves.
Anadolu Ajansı Ekonomi · Bahattin GönültaşAccording to a report by Anadolu Ajansı Ekonomi, the European Central Bank's annual report showed that the euro's role at the global level was largely unchanged in 2025. The ECB said the euro's share in global reserves remained stable against the US dollar and that its share in international bond issuance posted modest gains.
The report noted that geopolitical tensions, trade wars and US sanctions policies continued to influence the international use of currencies. The ECB said no fundamental shift in global reserve currencies is expected in the near term, but a multipolar currency system is gradually forming.
The European Commission continues to advance capital markets union and digital euro work to strengthen the international role of the euro. Analysts say the digital euro could contribute to international use if its impact on bank deposits is kept limited. Upcoming bond issuance figures will be watched closely.
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