Poland’s Central Bank’s (NBP) reserves stood at €94.96 billion at end-January and were some €571 million lower than last month, according to the NBP’s official reserve data. Reserves denominated in USD have decreased by $1.54 billion to $116.05 billion. The PLN-denominated reserves stood at PLN 396.75 billion, down by PLN 5.13 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.