The National Bank of Poland (NBP) has announced that the country’s gold reserves have reached 509.3 tons—surpassing those of the European Central Bank (ECB), which oversees monetary policy for the 20-member eurozone. This achievement moves Poland up to 12th place in the global ranking of central banks with the largest gold holdings, a result of a consistent strategy implemented since 2018.
“This symbolic milestone is not just a number. It is proof of a consistent strategy that strengthens Poland’s credibility in international markets and builds financial security for its citizens,” said Prof. Adam Glapiński, President of the NBP.
Since the start of gold purchases in 2018, the NBP has acquired over 400 tons, with a significant portion physically transported to Poland. The reserves have grown steadily, unaffected by political turbulence or market volatility. Poland now ranks 12th globally and 6th in Europe in terms of central bank gold holdings. Gold now makes up over 22% of NBP’s foreign exchange reserves, with their total value exceeding $242 billion.
Why Gold?
Gold is an asset independent of other countries’ economic policies, resilient to crises, and holds enduring value. For a central bank, it means sovereignty and stability, serving as a pillar of national financial security. Large gold reserves enhance the credibility of the Polish złoty and strengthen Poland’s standing among investors and rating agencies.
In March, NBP President Prof. Adam Glapiński launched an educational contest to raise awareness about the role of gold reserves and central banking. The initiative received an overwhelming response—over 1,300 entries from across Poland in just one week.
Winners were granted a rare visit to one of NBP’s vaults, where Poland’s gold reserves are stored. Participants saw gold bars up close, part of the nation’s official wealth, and even cross-checked serial numbers against the registry.
“An entire wall stacked with gold bars… National treasure. It’s reassuring to know someone is safeguarding it,” remarked one winner. The visit also served as an educational lesson on public finance, state functions, and the central bank’s role, showing that gold is not just an abstract entry but a tangible national asset—controlled and benefiting all citizens.
A Long-Term Vision
The NBP not only accumulates gold but also shares knowledge, demonstrating how long-term planning, independence, and consistency lead to real success. As President Glapiński emphasizes: “Gold is our common good. A symbol of strength and sovereignty. A foundation of stability—a guarantee that Poland will endure even in the toughest times.”