Poland’s reserve assets in January 2023
NBP data: At the end of January 2023, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 154.4bn, or USD 167.2bn in USD dollar terms.
On 7 February[SA1] 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 154.4bn at the end of January 2023, i.e. EUR 2.1bn less than at the end of December 2022. In US dollar terms, the reserve holdings increased by USD 0.5bn, reaching USD 167.2bn.
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 (72.5%) 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.