4:52 21 January 2026
Poland lifts gold reserves
Poland’s central bank is pushing deeper into gold. National Bank of Poland (NBP) president Adam Glapiński confirmed the bank will raise its holdings from 550 to 700 tons, which would move Poland into the global top-10 for gold reserves—currently behind Japan’s 846 tons. Poland now ranks 12th, just below the Netherlands (612.5 tons) and Turkey (644.3 tons).
The move follows an aggressive buying spree. In 2024, the NBP was the world’s fastest-growing central bank purchaser of gold, adding 101.8 tons—double Kazakhstan and Brazil. Demand from global ETFs also surged, with U.S. funds buying 438 tons and China 133.1 tons, according to the World Gold Council.
Higher reserves are boosting sentiment toward the zloty amid elevated gold prices, KPO inflows, and strong services exports. On Tuesday the currency gained 0.5% against the dollar to PLN 3.6092. A firmer zloty favors foreign investors but squeezes exporters and makes imports cheaper.
