Central Europe

Poland’s Central Bank Increases Gold Reserves by Over 125 Tonnes

Poland’s Central Bank Increases Gold Reserves by Over 125 Tonnes
Medal “For works on peasants organizing in Poland”, gold

Gold reserves of the National Bank of Poland (NBP) have risen by 125.7 tonnes to 228.6 tonnes, the bank announced on Friday.

NBP governor Adam Glapiński added that that it had been possible to take action to repatriate a significant portion of Poland’s gold, reported Zero Hedge.

“In the year in which we celebrate the centenary of Polish independence, as a foundation of the economic strength of our country, it has been possible to increase the strategic reserves of gold and undertake actions with the aim of repatriating a significant portion of Poland’s gold,” Adam Glapinski was quoted in a bank press release as saying.

“Carrying out our constitutional, legal and simply patriotic obligation, we are not only building the economic strength of the Polish state, but also creating reserves which will guard its financial security.

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