News Column

NBP-Poland's reserve assets in July 2014

August 11, 2014

ENP Newswire - 11 August 2014

Release date- 07082014 - NBP data: As at the end of July 2014, Poland's official reserve assets managed by NBP stood at EUR 77.3bn, i.e. 103.5bn in US dollar terms.

On 7 August 2014, Narodowy Bank Polski posted its monthly release on the country's official reserve asset holdings. According to the release, at the end of July 2104 these amounted to EUR 77.3bn and were up by EUR 2.6bn on the previous month's figure. In US dollar terms, Poland's foreign exchange reserves also had risen, from USD 101.9bn at the end of June to almost USD 103.5bn end-July.

In managing foreign exchange reserves, Narodowy Bank Polski, while striving to maximize the return on the assets, gives priority to their safe investment and a requisite level of liquidity. NBP invests the funds in typical instruments used by central banks. The bulk of the reserves is invested in Treasury securities and certain amounts are held as securities issued by international institutions and government agencies. A fraction of the reserves is maintained in the form of term deposits at banks with a high credit standing and in gold.

See: Official foreign reserve holdings of the NBP '

NBP interest rates

Reference rate 2.50

Lombard rate 4.00

Deposit rate 1.00

Rediscount rate 2.75



Exchange rates

Table of 2014-08-08

1 EUR 4.2184

1 USD 3.1509

1 CHF 3.4764

1 GBP 5.2948

100 JPY 3.0955

table A|

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Source: ENP Newswire

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