Poland’s reserve asset holdings in May 2020
NBP data: At the end of May 2020, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 119.4bn, or USD 132.8bn in US dollar terms.
On 5 June 2020, 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 119.4bn as at the end of May 2020, i.e. EUR 10.8bn more than at the end of April 2020. In US dollar terms, the reserve asset holdings increased by USD 14.5bn, reaching USD 132.8bn.
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 in typical instruments used by central banks. The bulk of the reserves (over 70%) is invested in Treasury securities as well as securities issued by international institutions and government agencies. The remainder of the reserves is maintained in the form of term deposits at banks with a high credit standing and in monetary gold.
See: Official reserve asset holdings of NBP »