Glapiński: NBP does not intend to deplete the gold reserves and began shopping

– The NBP does not intend to deplete abroad exchange reserves, including gold, discard in part or entirely [...]. That would be today's conference.

The president of the NBP pointed out that there were opinions in the public space that the NBP's abroad reserves were "disproportionately large and any of them should be allocated to any another purposes".

– According to the criteria of the global Monetary Fund and another institutions – as we carefully checked – the reserves are as they should be. We have our own currency that we must stabilise [...]. And given our geopolitical situation [...], our reserves should be much larger than they are," said Adam Glapiński.

The president of the NBP besides reported that the central bank one more time buys large amounts of gold, as its price is presently "transparently favorable".

– We're headed for 700 tons. We safe the safety of Poland in specified a way that we collect reserves and a stock of gold, which is the most valuable form of reserves – stressed the head of the NBP.

According to information provided by Adam Glapiński, the Polish central bank presently holds 580 tons of gold in its reserves.