| Latest news Polish FX reserves in excess of EUR 76 billion Date: 07-02-2012 NBP data: In January 2012, Poland saw its foreign exchange reserves increase both in EUR and USD. On 7 February 2012, the National Bank of Poland published its monthly report on official reserve assets. According to this report, in January 2012, Poland’s euro reserves increased by approx. EUR 0.3 billion to exceed, at the end of the month, EUR 76 billion. Like in the previous month, the euro reserve holdings reached its record high. Also the US dollar reserve holdings rose - from USD 97.9 billion at the end of December 2011 to USD 100.3 billion at the end of January 2012. The National Bank of Poland manages FX reserves striving to maximize their profitability; yet, it gives priority to ensuring safety of their investment and maintaining the required liquidity level. The NBP invests FX reserves in typical instruments used by central banks. The overwhelming part of FX reserves is invested in government securities and certain amounts in securities issued by international institutions and government agencies. A small part of the reserves is held as deposits at highly rated banks and in gold. See: NBP official reserve assets |