Poland’s reserve assets in February 2024

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NBP data: At the end of February 2024, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 173.2bn, or USD 188.0bn in US dollar terms.

On 7 March 2024, 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 173.2bn at the end of February 2024, i.e. EUR 1.9bn less than at the end of January 2024. In US dollar terms, the reserve holdings decreased by USD 1.6bn, reaching USD 188.0bn.

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 maintained primarily in the form of term deposits at banks with a high credit standing and in monetary gold.