Polish gold reserves grow: central bank

Poland’s gold reserves have increased to 228.6 tonnes, growing by 125.7 tonnes from last year, the country’s central bank has said.

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The National Bank of Poland (NBP) said in a statement that, thanks to recent purchases, the country has moved up from 15th to 11th place in Europe in terms of gold reserves, and from 34th to 22nd worldwide.

Poland now has more gold reserves than any other country in its region and also more than Western European nations such as Sweden and Belgium, the Polish central bank said on Friday.

It cited its governor, Adam Glapiński, as saying that the National Bank of Poland was preparing to repatriate a significant portion of the country’s gold reserves to its own vaults from safekeeping in the Bank of England.

(gs)

Source: PAP, nbp.pl

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