Publications

Foreign Exchange Reserves Management

The strategy defines the vision, mission, corporate values, environment, objectives and strategic measures to be taken by the NBP in the years 2007-2012 in the area of foreign exchange reserves management. The strategy encompasses a five-year period. Starting from the first quarter of 2009, at the beginning of each year a report will be prepared on the progress in the implementation of the strategy and a strategy update, based on the rolling window method, will be prepared for the period of five years in advance. In addition, at the beginning of 2011 a comprehensive evaluation of the effectiveness of the undertaken measures will be conducted taking into account the accumulated values of strategy efficiency measures, the evaluation of long-term trends in financial markets and changes in foreign exchange reserves management in central banks in the years 2008-2010.

• Long-term Foreign Exchange Reserves Management, Strategy of the National Bank of Poland (Summary) (pdf, 46 KB)