FinMin with PLN 51 billion in reserves

The Finance Ministry has increased the reserves in the złoty and foreign currencies to some PLN 51 billion at the end of November. The nearest redemption of treasury bonds maturing in January has been limited through swap bidding to PLN 6 billion. “According to the quarterly plan we will only carry out swap bidding in December, which will be the continuation of the pre-financing for next year’s borrowing needs. The supply for the bidding will be set on Tuesday after market consultation. The level of pre-financing should not be lower than 25 percent,” Piotr Marczak, the ministry’s director of the public debt department, said in a statement.