local
Central banks think the US has become riskier. They plan to sell dollars and buy gold
By CNN Newsource at KVIA ABC-7
· June 30, 2026
· 3 min read
By Hanna Ziady, CNN
London (CNN) — More central banks plan to cut their dollar holdings than increase them over the next decade for the first time, according to a global survey, reflecting a rise in political risk associated with the US currency.
The findings come amid a Middle East war partl...
Key takeaway It was conducted between March and May, and includes responses from 74 central banks around the world.
Why this matters in The El Paso
For El Paso , a city heavily reliant on international trade, the potential de-dollarization trend has significant implications. As central banks shift away from the US dollar, local businesses that import and export goods may face increased costs and complexities. The city's proximity to the US-Mexico border and its role as a major trade hub make it particularly vulnerable to changes in global currency markets. El Paso's economy, which has strong ties to the manufacturing and logistics industries, may need to adapt to a new reality where the dollar is no longer the dominant currency. This could lead to increased investment in currency hedging and trade finance infrastructure, as well as a greater emphasis on diversifying trade relationships with countries that use alternative currencies, such as the euro or renminbi. As the global economy continues to evolve, El Paso's business community will need to stay vigilant and responsive to these changes.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 30, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? By Hanna Ziady, CNN
London (CNN) — More central banks plan to cut their dollar holdings than increase them over the next decade for the first time, according to a global survey, reflecting a rise in political risk associated with the US currency.
The findings come amid a Middle East war partl...
When was this published? This article was first published on June 30, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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