The President of the National Bank of Poland (NBP), Adam Glapiński, has emphasised for years that gold plays a special role in the structure of reserves.
It is an asset free of credit risk, independent of the monetary policy decisions of other countries and is resistant to financial shocks.
High gold reserves also contribute to the stability of the Polish economy.
The bank's ambitions are far-reaching: the target is to have 700 tonnes of gold and the total value of bullion reserves to be around PLN 400 billion (€94 billion).
As recently as 2024, gold accounted for 16.86% of Poland's foreign exchange reserves. Estimates at the end of December 2025 showed a jump to 28.22%, marking one of the fastest changes in the structure of reserves among central banks worldwide.
