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Notes from Poland is run by a small editorial team<\/a> 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.<\/p>\n Poland is set to become the world\u2019s tenth biggest holder of gold after its central bank, the National Bank of Poland (NBP), announced plans to increase its reserves to 700 tonnes.<\/p>\n The NBP currently holds 550 tonnes of gold, the 12th largest reserve among the world\u2019s central banks. However, increasing that to 700 tonnes would, on current figures, move it ahead of the Netherlands (612.5 tonnes) and Turkey (641.3 tonnes).<\/p>\n \u201cThis will place Poland among the elite ten countries with the largest gold reserves in the world,\u201d declared NBP governor Adam Glapi\u0144ski in a press release on Tuesday announcing the plan to increase reserves to 700 tonnes.<\/p>\n Poland has been accelerating its gold accumulation in recent years. In 1996, the NBP held just 14 tonnes of gold. By 2016, the year Glapi\u0144ski became the bank\u2019s governor, that had risen to 102 tonnes. In the decade since then, the figure has grown more than fivefold.<\/p>\n According to data<\/a> from the World Gold Council, an international trade association for the gold industry, in the first 11 months of last year, the NBP added more gold to its reserves (95 tonnes) than any other central bank globally.<\/p>\n In May last year, NBP announced<\/a> that for the first time its gold reserves were larger than those of the European Central Bank (ECB).<\/p>\n The Polish central bank’s gold reserves are now larger than those of the European Central Bank, its governor has announced.<\/p>\n \u201cThis shows the stability, abundance and solvency of the Polish economy,\u201d says Adam Glapi\u0144ski https:\/\/t.co\/30uM9L6WrF<\/a><\/p>\n \u2014 Notes from Poland \ud83c\uddf5\ud83c\uddf1 (@notesfrompoland) May 9, 2025<\/a><\/p>\n Last week, Glapi\u0144ski had already signalled plans to increase the NBP\u2019s gold reserves. He emphasised that gold is a strategic asset for the state\u2019s security and said that selling it is \u201cabsolutely out of the question\u201d, reported broadcaster TVN24.<\/p>\n Glapi\u0144ski also warned that the rapid rise in gold prices will not last indefinitely and that a significant correction is possible. Regardless, he said, the central bank will continue accumulating reserves to ensure the country\u2019s financial security in \u201cexceptionally volatile times.\u201d<\/p>\n According to Glapi\u0144ski, the 550 tonnes of gold currently held by the bank are worth nearly 276 billion zloty (\u20ac65.3 billion). That meant that the metal accounted for around 28% of the value of the NBP\u2019s total reserves at the end of 2025.<\/p>\n Last year, following decades of rapid growth, Poland\u2019s GDP surpassed $1 trillion, thereby overtaking Switzerland to become the 20th largest national economy in the world<\/a>.<\/p>\n Main image credit: Narodowy Bank Polski\/Flickr<\/a> (under CC BY-NC-ND 2.0<\/a>)<\/p>\n Alicja Ptak is deputy editor-in-chief of Notes from Poland and a multimedia journalist. She has written for Clean Energy Wire and The Times, and she hosts her own podcast, The Warsaw Wire, on Poland\u2019s economy and energy sector. She previously worked\u00a0for\u00a0Reuters.<\/p>\n \t\t\t\t\t![\"\"](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/01\/gold-reserves.jpg\")
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Notes from Poland is run by a small editorial team<\/a> and published by an independent, non-profit foundation that is funded through donations from our readers. We cannot do what we do without your support.<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/01\/Alicja_Ptak_Square.jpeg\")
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