By Latest news
High Official Reserve Assets at the End of 2012
Date: 07-01-2013
NBP data: Poland's foreign exchange reserves as at the end of 2012 stood at EUR 82.5bn, or USD 108.9bn. This represents a significant increase on the figure observed at the end of 2011.
On 7 January 2013, the National Bank of Poland published data on official reserve assets as at the end of December 2012. These amounted to EUR 82.5bn or USD 108.9bn. Due to exchange rate fluctuations euro-denominated reserve holdings were slightly smaller than in November 2012 while the dollar-denominated reserve holdings were significantly higher.
Foreign exchange reserves had increased by approximately EUR 6.9bn compared to end-2011 when they amounted to EUR 75.7bn. In terms of US dollars they had increased by more than USD 11.0bn (at end-2011 - USD 97.9bn).
In managing the foreign exchange reserves, the National Bank of Poland strives to maximize the return on the assets, while giving priority to their safe investment and a requisite level of liquidity.
The NBP invests the funds in standard instruments used by central banks. The bulk of the reserves are invested in Treasury securities and certain amounts are held as securities issued by international institutions and government agencies. A fraction of the reserves are maintained in the form of term deposits at banks with a high credit standing and in gold.
|
distributed by
|
