Poland’s reserve assets in February 2023

NBP data: At the end of February 2023, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 158.2bn, or USD 167.8bn in USD dollar terms.

On 7 March 2023, NBP 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 158.2bn at the end of February 2023, i.e. EUR 3.8bn more than at the end of January 2023. In US dollar terms, the reserve holdings increased by USD 0.6bn, reaching USD 167.8bn.

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 (almost 70.7%) is invested in Treasury securities as well as securities issued by international institutions and government agencies. The remainder of the reserves is held in the form of term deposits at banks with a high credit standing and in monetary gold.