NBP reserves grow in December

Poland’s Central Bank’s (NBP) reserves stood at €102.26 billion at end-December and were some €2.1 billion higher than the month before, according to the NBP’s official reserve data. Reserves denominated in USD have increased by $3.1 billion to $116.96 billion. The PLN-denominated reserves stood at PLN 439.7 billion, up by PLN 10.02 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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