Poland's reserve assets: At the end of November 2024, official reserve assets Polishmanaged by Narodowy Bank Polish, amounted to 206.7 billion euros. In US dollars this is USD 218.2 billion. Threshold 200 billion euro we crossed for the first time in history.
Increase in reserve assets: On December 6, the National Bank of Poland published stock data official reserve assets. They show that at the end of November 2024 they were higher by EUR 8.4 billion compared to the end of October 2024 Reserve status expressed in dollars, however, increased by USD 2.8 billion. Total year on year reserve in euro increased by 35.8 billion.
Value of gold reserves: In turn, during the month the value of reserves in gold increased by EUR 1.2 billion – to EUR 36.4 billion. Gold was already there 17.6 percent total reserves. However, last year it was EUR 21.5 billion and 12.6 percent. reserves. “The National Bank of Poland manages foreign exchange reserves, ensuring the maximization of their profitability, however the priority is their safety and maintaining the necessary level of liquidity“- informs the National Bank of Poland in a statement.
What is NBP investing in? The National Bank of Poland states that it “invests reserves in typical instruments used by central banks.” The vast majority of them are invested in government securitiesas well as in securities issued by international institutions and government agencies. “The remaining amount is mainly maintained in monetary gold and in the form of deposits in banks with a high credibility rating,” informs NBP.
See also: The head of the National Bank of Poland recently caused quite a stir with his forecasts. More in the text entitled “Glapiński surprised. 'One wonders whether there is a tussle with the government'”.
Sources: NBP, Business Insider.