NBP reserves drop in December

Poland’s Central Bank’s (NBP) reserves stood at €94.64 billion at end-December and were some €1.28 billion lower than last month, according to the NBP's official reserve data. Reserves denominated in USD have decreased by $99 million to $113.27 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.