| Latest news Official Reserve Assets at the end of June Date: 06-07-2012 NBP data: Following three months of continuous growth, Poland’s foreign exchange reserves as expressed in euro terms exceeded EUR 80.6 billion at the end of June 2012, reaching a level almost EUR 6 billion higher than in March 2012. According to the NBP release posted on 6 July, the value of Poland’s official reserve assets translated into euro for the first time in history exceeded EUR 80 billion and amounted to over EUR 80.6 as at the end of June. This represents an increase by EUR 1.5 billion on the month before, and by EUR 6 billion as against the end of 2012 Q1. At the end of June 2012, dollar-terms holdings of official reserve assets also rose, and stood at USD 101.4 billion, as compared to USD 98.2 at the end of May. In managing the foreign exchange reserves, the National Bank of Poland, while striving to maximize the return on the assets, gives priority to their safe investment and a requisite level of liquidity. The NBP invests the funds in typical instruments used by central banks. The bulk of the reserves is invested in treasury securities and certain amounts are held as securities issued by international institutions and government agencies. A fraction of the reserves is maintained in the form of term deposits at banks with a high credit standing and in gold. See: Official foreign reserve holdings of the NBP |