Poland’s reserve assets in March 2024

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NBP data: At the end of March 2024, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 187.7bn, or USD 202.4bn in US dollar terms.

On 5 April 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 187.7bn at the end of March 2024, i.e. EUR 14.5bn more than at the end of February 2024. In US dollar terms, the reserve holdings increased by USD 14.5bn, reaching USD 202.4bn.

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