Polish central bank increases gold reserves

Poland's central bank has announced it has increased its gold reserves by almost 2 tonnes to more than 230.5 tonnes.

Poland’s gold reserves have increased to 230.54 tonnes, from 228.6 tonnes two years earlier, the country’s central bank has said.

Photo: nbp.pl

The announcement comes after the National Bank of Poland (NBP) said in March it was planning to buy 100 tonnes of gold over the next few years.

The purchase is designed to increase the bank’s gold reserves, its chief Adam Glapiński has said in a media interview.

Polish central bank chief Adam Glapiński. Photo: PAP/Leszek Szymański

The Polish central bank in November 2019 said it had brought into the country around 100 tonnes of gold from safekeeping in the Bank of England.

In July 2019, the bank reported that Poland’s gold reserves had increased to 228.6 tonnes, growing by 125.7 tonnes from a year earlier.

(gs)

Source: TVP, PAP, rp.pl