The Management Board of the National Bank of Poland (NBP) has decided to increase the share of gold in the country’s reserve assets to 30%, NBP President Professor Adam Glapiński announced during a press conference. Poland’s current gold holdings exceed 520 tonnes, representing 25% of total reserves and valued at approximately PLN 240 billion.
This move continues NBP’s long-term strategy of diversifying its reserves and strengthening Poland’s financial security by increasing holdings of tangible assets. Despite gold prices reaching historic highs, the central bank remains committed to expanding its gold reserves.
“The Management Board of the National Bank of Poland has accepted my proposal and made a strategic decision to increase our gold holdings, raising the share of gold in our reserve assets to 30%,” said President Glapiński.
With over 520 tonnes of gold, Poland now holds more gold than the European Central Bank, placing it among the leading nations in terms of official gold reserves. In recent years, NBP has systematically expanded its holdings, both through international purchases and by repatriating part of its gold to domestic vaults.
According to NBP, gold plays a crucial role in building confidence in a nation’s financial stability and serves as a strategic safeguard against global economic or currency crises. In times of market volatility and geopolitical tension, gold remains a trusted store of value and a hedge against systemic risk.
Poland’s decision aligns with a global trend of central banks increasing their gold reserves, a strategy also pursued by countries such as China, India, Hungary, and Turkey. This shift reflects a growing preference for precious metals as a counterbalance to assets denominated in the US dollar.
The move to raise the gold share to 30% is part of NBP’s broader strategy to strengthen Poland’s financial independence, reduce currency risk, and diversify reserve assets. Economists note that while gold does not generate interest, it preserves value over the long term and can protect against inflation or depreciation of fiat currencies.
Although the NBP did not disclose the specific timetable or scale of upcoming gold purchases, the new target suggests continued accumulation in the coming quarters.
