Polish central bank increases gold reserves
Thu Oct 03 2024
Adam Glapiński told reporters that the National Bank of Poland, "on behalf of all Poles, has already accumulated over 400 tonnes of gold" in its reserves. "Specifically, we now hold 420 tonnes," Glapiński said, adding that Poland "has thus entered the exclusive club of the world's largest gold reserve holders." He 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. "Once we achieve this, we will join the ranks of the world's top economies," he predicted. He told the media that Poland's gold reserves have now surpassed those of Britain.
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.
Source: https://www.polskieradio.pl/