A survey by the Official Monetary and Financial Institutions Forum shows most central banks do not heavily rely on Artificial Intelligence, with concerns that it could exacerbate future crises. While AI tools are not yet core operations, banks are cautious about risks and use AI mainly for basic tasks like data summarization.

The survey also revealed that 93% of central banks do not invest in digital assets, showing more interest in tokenization than cryptocurrencies. Banks are moving towards a multipolar reserve system, desiring diversification and resilience, but the dollar remains dominant due to U.S. Treasury liquidity.

Despite concerns about U.S. President Trump’s policies, the dollar is expected to remain the top reserve currency over the euro and China’s yuan. Central banks are exploring diversification away from the dollar but are anchored by the dollar’s liquidity. The world is transitioning to a multipolar reserve system, with the euro not yet ready to lead.

Read more at Yahoo Finance: World’s central banks are wary of AI and struggling to quit the dollar, survey shows