New NBP statement: Poland is on the right track
Data published by the National Bank of Poland show that at the end of August this year, the value of the country’s foreign exchange reserves totaled USD 182.2 billion, which means an increase of USD 0.4 billion compared to the previous month.
The National Bank of Poland makes every effort to maintain security and liquidity. Therefore, it invests, among others, in gold – according to the presented announcement, gold resources have increased to over 300 tons. In turn, the value of foreign exchange reserves exceeded USD 180 billion.
This result clearly shows that compared to the period before the global economic shocks, which undoubtedly include the COVID-19 pandemic and the war in Ukraine, the reserves of the National Bank of Poland have increased significantly.
