The euro’s share in international markets rose to 20% in 2025, driven by record debt issuance and green bond leadership.
The euro strengthened its position as the world’s second most important currency in 2025, with its share across key international use indicators climbing to around 20%. This marks a steady upward trend since 2014, supported by geopolitical shifts and growing demand for euro-denominated assets.
International debt issuance in euros surged by 30% year-over-year, reaching its highest level since the currency’s introduction. The euro also became the leading currency in green and sustainable bond markets for the first time, while foreign portfolio inflows to the euro area neared historic highs.
Despite these gains, challenges persist. Central banks increased gold holdings amid geopolitical tensions, and alternative cross-border payment systems, including digital platforms, gained traction. These trends signal growing fragmentation in the global monetary system.