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Polish central bank increases gold reserves: reports

27.06.2025 08:30
Poland's central bank has expanded its gold reserves to more than 500 tonnes, making it one of the leading gold reserve holders globally, according to reports.
Polands gold reserves have increased to 448 tonnes, positioning it among the worlds largest holders of gold reserves.
Poland’s gold reserves have increased to 448 tonnes, positioning it among the world’s largest holders of gold reserves.Photo: nbp.pl

Last month alone, the National Bank of Poland (NBP) bought about 6.2 tonnes of gold, state news agency PAP reported.

At the end of May, the NBP held over almost PLN 205 billion (EUR 48.3 billion, USD 56.5 billion) worth of gold.

In early May, bank governor Adam Glapiński said the Polish central bank had over 509 tonnes of gold.

Last year, Glapiński announced plans to continue purchasing gold, with the goal of reaching 20 percent of the country's foreign exchange reserves.

"We are aiming for 20 percent of our currency reserves to be in gold," Glapiński said at a news conference in Warsaw last June.

"Once we achieve this, we will join the ranks of the world's top economies," he predicted.

He told the media at the time that Poland's gold reserves had surpassed those of Britain.

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

(gs)

Source: IAR, PAP