Poland's reserve assets grow: central bank
PR dla Zagranicy
Grzegorz Siwicki
11.08.2018 09:00
Poland’s official reserve assets rose by EUR 2.1 billion in July over June, the country’s central bank has said.
Image: jojooff/pixabay.com/CC0 Creative Commons
The assets stood at EUR 95.6 billion at the end of July, the National Bank of Poland (NBP) said in a report.
In dollar terms, Poland’s official reserve assets increased by USD 3.2 billion to USD 112.1 billion at the end of July, the bank, which manages the assets, said this week.
It added that, in managing foreign exchange reserves, it “gives priority to their safe investment and the requisite level of liquidity” while striving to maximise the return.
The bank also said it invested the reserves in instruments such as Treasury securities and securities issued by international institutions and government agencies.
“A fraction of the reserves is maintained in the form of term deposits at banks with a high credit standing and in gold,” the NBP said.
(gs/pk)
Source: PAP, nbp.pl