Poland’s reserve assets in January 2024

NBP data: At the end of January 2024, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 175.2bn, or USD 189.6bn in US dollar terms.

On 7 February 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 175.2bn at the end of January 2024, i.e. EUR 0.2bn less than at the end of December 2023. In US dollar terms, the reserve holdings decreased by USD 4.3bn, reaching USD 189.6bn.

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 68.4%) 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.