Poland’s reserve assets in December 2018
NBP data: At the end of December 2018, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 102.3bn or USD 117.0bn in US dollar terms.
On 7 January 2019, NBP released data on the country’s official reserve asset holdings. According to the release, these amounted to EUR 102.3bn as at the end of December 2018, i.e. EUR 2.2bn more than at the end of November 2018. On the other hand, the reserve holdings as expressed in US dollars increased by USD 3.1bn to the level of USD 117.0bn.
In managing foreign exchange reserves, Narodowy Bank Polski – while striving to maximize the return on the assets – gives priority to their safe investment and the requisite level of liquidity. NBP invests the reserves 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 reserve asset holdings of NBP »