Poland’s reserve assets in November 2022
NBP data: At the end of November 2022, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 156.7bn, or USD 162.3bn in US dollar terms.
On 7 December 2022, Narodowy Bank Polski released monthly data on the country’s official reserve asset holdings. According to the release, these holdings expressed in euro terms amounted to EUR 156.7bn at the end of November 2022, i.e. EUR 4.2bn more than at the end of October 2022. In US dollar terms, the reserve holdings increased by USD 10.6bn, reaching USD 162.3bn.
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 72%) 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.