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Ronan Manly: Poland's central bank plans to accelerate accumulation of gold
By Ronan Manly
Bullion Star, Singapore
Friday, October 8, 2021
Poland's central bank, the National Bank of Poland (NBP), which stunned gold markets back in 2019 when it purchased 100 tonnes of gold bars in London and then promptly flew the gold back to Warsaw, has just confirmed that it now plans to buy another 100 tonnes of gold during 2022.
The news was confirmed this week by Adam Glapiński, president of Poland's central bank, in a special interview with Polish magazine Strefa Biznesu in advance of the Congress 590 economic conference in Warsaw. As well as heading the Polish central bank, Glapiński is an economics professor.
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While Poland holds 230 tonnes of monetary gold reserves and sits in 24th place in the world sovereign gold holdings table, the planned addition of 100 tonnes of gold during 2022 would boost the country's gold reserves to 330 tonnes and catapult Poland up to 18th place in the rankings, ahead of major gold holders such as the UK, Saudi Arabia, Austria, Spain, and Thailand.
Glapiński's interview with Strefa Biznesu was conducted by journalist Zbigniew Biskupski, and the interview is even titled by the Polish central bank as “Another 100 Tons of Gold in 2022". ...
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