Petition · HM Treasury
The UK Gov should divest itself of foreign currency reserves it holds in US$
Closed
77 signatures
What the petition asks
At the end of December 2024, the UK Government and Bank of England held an estimated $58.5 billion of US dollar assets.
We think we should divest ourselves of that holding. We think we should do so to reduce exposure to the US administration's volatility, and foreign and economic policy.
We think we should divest ourselves of that holding. We think we should do so to reduce exposure to the US administration's volatility, and foreign and economic policy.
Economists say that US tariffs & potential trade wars could cause deep US recession. We think holding USD in foreign currency reserves could expose the UK to their recession.
In our view, in foreign policy, the US administration is guided by volatility and caprice, making previous agreements and military commitments unreliable.
We think that if other major economies place their US$ on the international markets first, our holding will diminish in value.
We think it is both principled and pragmatic to sell our US$ holdings.
In our view, in foreign policy, the US administration is guided by volatility and caprice, making previous agreements and military commitments unreliable.
We think that if other major economies place their US$ on the international markets first, our holding will diminish in value.
We think it is both principled and pragmatic to sell our US$ holdings.
Timeline
| 8 Apr 2025 | Petition opened for signatures |
| 8 Oct 2025 | Closed to new signatures |
Key facts
Signatures
77
Status
Closed
Department
HM Treasury
Opened
8 Apr 2025
Closed
8 Oct 2025
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Source: the official petition page. Last checked 16 Aug 2026.