Record gold reserves. Poland is at the top of the world

polsatnews.pl 2 months ago

Poland has 520 tons of gold reserves, accounting for almost 24 percent of all assets. - The National Bank of Poland is the 12th bank in the world, erstwhile it comes to the wealth of gold - stressed Artur Soboń, Vice president of the NBP in "Guest of Events". At the same time he assured that "we have present a level of reserves that makes Polish gold a very unchangeable currency".

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NBP Vice president Artur Soboń explains the reasons for rising gold prices
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Program leader "Guest Events" Bogdan Rymanowski noted that in mid-October, the price of gold reached the historical value of $4379 (nearly PLN 175,000) per ounce, with a possible to exceed the $5,000 threshold. Artur Soboń explained what caused abrupt growth.

- I'm sorry. Gold has this to do with the fact that in Turbulent periods - erstwhile we have any geopolitical tensions or truly in respective places of the planet war theatres - the price of gold increases due to the fact that investors, markets, but besides central banks, flee to gold as reserves due to the fact that it is durable and safe - he said.

- I'm sorry. But second, gold is detached from another countries' economical policies, it is independent of the economical decisions of the world's largest economies, including the American economy," added NBP vice president.

Polish gold reserves. An crucial part of the National Bank of Poland reserves

Saturday explained that the greater uncertainty regarding, for example, Donald Trump's decision of the US PresidentThe higher the price of gold. However, he stated that the Polish central bank did not intend to acquisition the gold only due to its possible for profit. "From the point of view of the Central Bank in Poland, this is not a key argument in the context of the decision to buy gold," he said.

As stressed by NBP Vice President, first the board of directors of the bank focuses on ensuring the stableness of the currency and securing the solvency of the State.

Soboń announced that the National Bank of Poland occupies 12th place in the planet in gold reserves. Poland has 520 tonnes of aggregate. Its value exceeds 240 billion PLN, which corresponds to almost 25% of the full value of authoritative reserve assets.

SEE: Donald Tusk headed by "new formation". The Euro MP revealed the first details

- I'm sorry. These reserves are increasing systematically and present they have reached a solid, safe, adequate amount due to the fact that we are a associate of the European Union. ... They did not service and did not service monetary intervention. Poland's gold is fine due to the fact that we have reserves, and that's why these reserves are so high - explained.

- I'm sorry. It would be an abuse to say that the Polish economy is as good as never - he pointed out. - But since the pandemic, Poland's economy has grown by 16% and the Eurozone by 6 percent - he added.

Soboń: Agata Kornhauser-Duda does not work at the NBP

Bogdan Rymanowski besides asked about reports provided by any Polish media that was the first woman Agata Kornhauser-Duda was employed at the National Bank of Poland as an advisor to president Adam Glapiński.

- I'm sorry. We have a bank position, he's closing the case. It just isn't. - said Artur Sobon.

SEE: Kornhauser-Duda's fresh work? We have a comment from the NBP.

When asked if she could have been employed there earlier, he pointed out that the position of the bank contradicted these reports.

- I'm sorry. That means all forms of employment in the bank. And let me besides add that to make it clear to everyone, it is not that this employment in the time of the Glapinian CEO is growing. On the contrary. besides this number of advisors is smaller," he said.

NBP Vice president concluded that "under average conditions, individual - before giving the information - asks the company whether this is the case or not. Only erstwhile he receives an answer, he gives it further".

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