Narodowy Bank Polski

Foreign Exchange Reserves Close to EUR 74.1 bn

Date: 07-10-2011

NBP data: At the end of September 2011, official asset reserves held by the NBP stood, in euro terms, at a level slightly higher than that recorded at the end of August.

According to the data on the reserve assets as at the end of September, released by the NBP on 7 October 2011, the amount of the reserves had reached, in zloty terms, a record figure of PLN 327 bn, never previously observed. The sharp rise in the value of the reserves had resulted largely from a change in the currency exchange rates. However, the country’s foreign exchange reserves had also increased in euro terms in September. Since the euro is predominantly used in Poland’s foreign trade settlements, most of the reserves are held in this currency. At the end of September, the level of these reserves amounted to EUR 74.1 bn, having risen slightly on the-end-of-August figure.

In managing foreign exchange reserves, the National Bank of Poland strives to maximise the yield on the assets while observing the main priority of ensuring their safe investment and adequate level of liquidity.

Amount of official reserve assets of the NBP - September 2011
Reserve money and its counterparts - September 2011

NBP interest rates

Reference rate 1.50
Lombard rate 2.50
Deposit rate 0.50
Rediscount rate 1.75

Exchange rates

Table of 2016-09-29
1 EUR4.3014
1 USD3.8354
1 CHF3.9479
1 GBP4.9837
100 JPY3.7798

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Contact

Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

tel.:
+48 22 185 10 00
fax:
+48 22 185 85 18
e-mail: listy@nbp.pl
NIP: 525-000-81-98
REGON: 000002223
SWIFT: NBPL PLPW
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