Poland’s reserve asset holdings in November 2018
NBP data: At the end of November 2018, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 100.1bn, or USD 113.8bn in US dollar terms.
On 7 December 2018, Narodowy Bank Polski released the monthly data on the country’s official reserve asset holdings. According to the release, these holdings expressed in euro terms amounted to EUR 100.1bn at the end of November 2018, i.e. EUR 1.8bn more than at the end of October. There was also an increase in the reserve holdings as expressed in US dollars – of USD 2.4bn to the level of USD 113.8bn.
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 »