Poland’s reserve assets in November 2023

NBP data: At the end of November 2023, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 170.9bn, or USD 186.7bn in US dollar terms.

On 7 December 2023, 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 170.9bn at the end of November 2023, i.e. EUR 5.0bn more than at the end of October 2023. In US dollar terms, the reserve holdings increased by USD 9.7bn, reaching USD 186.7bn.

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 (66.6%) 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.