US EditionPolish central bank chief Glapiński confirms plan to boost gold reserves to 700 tonnes
- On Tuesday, the National Bank of Poland announced plans to increase gold reserves to 700 tonnes, surpassing the Netherlands and Turkey and placing Poland among the world's top ten holders.
- Amid growing market volatility and geopolitical tensions, the National Bank of Poland said it treats gold as a credit-risk-free asset and will keep accumulating reserves.
- Estimates at the end of December 2025 showed gold rose to 28.22% of the National Bank of Poland's reserves, and the bank's holdings now exceed the European Central Bank's around 506.5 tonnes.
- The bank's target sets bullion value at around PLN 400 billion, the NBP said, strengthening Poland's position in European financial architecture and signaling a strategic asset shift.
- Amid a global central-bank shift, the World Gold Council notes 95% of central banks expect gold holdings to rise, while critics warn large allocations yield no income and raise transparency concerns.
24 Articles
24 Articles
Gold has become the most profitable obsession of Adam Glapinski, governor of the Polish central bank (NBP). During his first term, he repatriated the reserves that the country had in the Bank of England before the Nazi invasion, and began to accumulate ingots with enthusiasm. In his second shift at the head of the bank, the stakes have risen: this Tuesday he announced that he will buy another 150 tons of the precious metal, which will bring Wars…
Poland accelerates on gold and consolidates its financial weight on the international scene. The National Bank of Poland (NBP) has announced its intention to increase reserves...
The Czech National Bank bought 20.4 tons of gold last year. At the beginning of the year, it already had 72 tons in its reserves and is continuing to buy more. However, it only has a few tons in its safes in Prague. The vast majority of Czech gold – over 64 tons – is stored in the bowels of the Bank of England, the central bank of Great Britain.
Poland to increase gold reserve to world's 10th largest
Keep our news free from ads and paywalls by making a donation to support our work! Notes from Poland is run by a small editorial team and is published by an independent, non-profit foundation that is funded through donations from our readers. We cannot do what we do without your support. Poland is set to become the world’s tenth biggest holder of gold after its central bank, the National Bank of Poland (NBP), announced plans to increase its rese…
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