Poland’s reserve asset holdings in March 2025

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NBP data: At the end of March 2025, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 219.4bn, or USD 237.5bn in US dollar terms.

On 7 April 2025, 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 219.4bn as at the end of March 2025, i.e. EUR 1.1bn less than at the end of February 2025. In US dollar terms, the reserve holdings increased by USD 8.3bn, reaching the level of USD 237.5bn.

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 is invested in Treasury securities as well as securities issued by international institutions and government agencies. The remainder of the reserves is held primarily in monetary gold and in the form of term deposits at banks with a high credit standing.