The National Bank of Poland (NBP) has been steadily increasing its gold holdings. At the end of May 2026, its reserves exceeded 613 tons, meaning Poland now holds more gold than the European Central Bank and has become one of the ten largest gold holders in the world. Experts emphasize that this is part of a broader global trend of central banks strengthening their financial security.
According to the latest data According to the National Bank of Poland, at the end of May, Poland’s official reserve assets totaled PLN 1.08 trillion, or approximately USD 297.2 billion. These assets included nearly 613.9 tons of gold. This represents an increase of over 18 tons compared to April.
This is a historic moment. We are among the ten countries in the world with the largest gold reserves. – he said President of the National Bank of Poland Adam Glapiński.
The National Bank of Poland (NBP) is consistently implementing a strategy to increase the share of gold in its foreign exchange reserves. According to declarations by the central bank’s authorities, the target level is 700 tons.
Gold as a pillar of security
Growing gold reserves represent a significant shift in the asset structure of the National Bank of Poland. Currently, gold accounts for nearly 30% of Poland’s foreign exchange reserves.
Economists point out that gold possesses characteristics particularly valued by central banks. It is not a liability of any state or institution, is not subject to credit risk, and retains its value over the long term, especially during periods of increased economic and geopolitical instability.
As he notes Michał Tekliński, a gold market expert associated with Goldsaver and Goldenmark, we are currently observing a historic change in the structure of global reserves.
Gold currently accounts for 27% of all central bank reserves. At the same time, the share of US Treasury bonds has fallen from 25% to 22%. This is crucial information, as the markets haven’t seen anything like this in a long time, says Michał Tekliński.
Poland among the largest gold owners
Just a few years ago, Poland was far below the global leader in terms of gold reserves. However, dynamic purchases by the National Bank of Poland (NBP) have propelled the country into the top ten largest gold holders in the world.
Experts emphasize that the NBP’s policy is part of a global process of restructuring central bank reserves. Although the dollar remains the foundation of the global financial system, a growing number of institutions are increasing their share of assets independent of individual national policies.
Poland currently holds the largest foreign exchange reserves and the largest gold reserves in Central and Eastern Europe. As of the end of May 2026, Poland’s official reserve assets amounted to PLN 1,081,749.7 million (or USD 297,224.7 million). As a result, Poland is becoming one of the most active participants in the ongoing changes in the foreign exchange reserves market, and its accumulated gold reserves constitute an important element in building the country’s long-term financial stability.
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