NBP reserves drop in April

Poland’s Central Bank’s (NBP) reserves stood at €93.54 billion at end-April and were some €3.3 billion lower than the month before, according to the NBP’s official reserve data. Reserves denominated in USD have decreased by $5.9 billion to $113.54 billion. The PLN-denominated reserves stood at PLN 394.8 billion, down by PLN 13.05 billion.

The NBP invests reserves in typical instruments used by central banks. Mostly in the government securities, some of it in securities issued by international institutions and government agencies. A small amount is held in deposits with banks with a high credit rating and gold.

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