NBP reserves grow in November

Poland’s Central Bank’s (NBP) reserves stood at €95.82 billion at end-November and were some €720 million higher than last month, according to the NBP’s official reserve data. Reserves denominated in USD have increased by $2.7 billion to $113.37 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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