“I plan to approach the leadership of the Polish central bank with the aim of increasing the bank’s reserves to 700 tons of gold,” Glapiński said.
Poland’s gold reserves currently amount to 550 tons.
Glapiński did not mention the period in which it is planned to increase the amount of gold reserves.
He estimates that the value of gold held by the central bank is currently around $76.5 billion, equivalent to nearly 30% of the bank’s total reserves.
“As you know, these are extremely stressful times. We have a special situation and geographical location. We have our own currency, the zloty. That is why it is especially important for Poland to have significant gold reserves in our reserves,” Glapiński said.
Central banks of other countries are also increasing their gold reserves.