Europa Posted on 2026-01-21 09:33:00

Poland has more gold than the European Central Bank - Target, 700 tons with total value of reserves around 94 billion euros

From Dorian Koça

Poland has more gold than the European Central Bank - Target, 700 tons with

The President of the National Bank of Poland (NBP), Adam Glapiński, has emphasized for years that gold plays a special role in the structure of reserves. It is an asset without credit risk, independent of other countries' monetary policy decisions and resistant to financial shocks. High gold reserves also contribute to the stability of the Polish economy.

The bank's ambitions are broad: the goal is to have 700 tons of gold and the total value of the precious metal bullion reserves to be around 94 billion euros. In 2024, gold accounted for 16.86% of Poland's foreign exchange reserves. Estimates at the end of December 2025 showed an increase to 28.22%, marking one of the fastest changes in the structure of reserves among central banks worldwide.

The largest transactions were carried out in the last months of 2025, during a period of high market volatility and geopolitical tensions.

Glapiński announced that he would ask the board to adopt a resolution to increase reserves to 700 tons of ingots.

According to analysis by the World Gold Council, 2025 saw a continuation of the global trend of central bank gold accumulation. With few exceptions, most countries increased their holdings, treating gold bullion as a strategic hedge against currency and financial crises.

In 2025, up to 95% of central banks surveyed expect global gold reserves to increase over the next twelve months.

The information that Poland now owns more gold than the European Central Bank (ECB) is not just symbolic. The ECB manages the monetary policy of the eurozone, but its gold reserves are relatively limited and the burden of owning gold bars falls mainly on the national banks of the member states.

The ECB's gold reserves amount to around 506.5 tonnes. Against this background, the scale of the NBP's holdings - 550 tonnes - is impressive and strengthens Poland's position in the European financial architecture.

Live TV

Latest news
All news

Most visited