Poland's Foreign Exchange Reserves Close to EUR 85bn
NBP data: At the end of March 2013, Poland's foreign exchange reserves as expressed in euro terms reached an all-time high. They were by EUR 10.2bn higher than a year before.
On 5 April, the National Bank of Poland released the monthly data on the stock of the country's official reserve assets. In euro terms, the amount of these reserves reached approximately EUR 84.9bn, representing an increase of EUR 3.3bn on the end of February and of over EUR 10.2bn on the figure seen a year before. By comparison, five years ago, i.e. in March 2007, the reserves stood at approx. EUR 38.1bn. Expressed in USD terms, the March 2013 stock of reserves was close to EUR 108.9 billion.
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 »