Narodowy Bank Polski

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Official Reserve Assets in July

Date: 07-08-2012

NBP data: At the end of July 2012, Poland's foreign exchange reserves as expressed in euro terms reached almost EUR 83.5 billion. This figure exceeds the June level by approximately EUR 2.8 billion and the March level by nearly EUR 8.7 billion.

In July 2012 the value of official reserve assets translated into euro rose significantly, reaching almost EUR 83.5 billion. July was the fourth consecutive month of growth in Poland's foreign exchange reserves as expressed in euro terms. They increased by almost EUR 8.7 billion as against the end of 2012 Q1.

Due to exchange rate fluctuations, the increase in reserve assets when translated into US dollars was slightly lower– from USD 101.4 billion at the end of June to USD 102.3 billion at the end of July.

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 foreign banks with a high credit standing and in gold.

See also:

NBP interest rates

Reference rate 6.75
Lombard rate 7.25
Deposit rate 6.25
Rediscount rate 6.80
Discount rate 6.85

Exchange rates

Table of 2023-02-03
1 EUR4.6920
1 USD4.2928
1 CHF4.7023
1 GBP5.2571
100 JPY3.3391

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Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
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