Official Warsaw has decided on the place of storage of national gold reserves

At a conference on Thursday, the president of the National Bank Adam Glapinsky presented the future strategy for storing the gold reserve. The Polish regulator, according to the publication Gazeta.Pl , has identified three storage locations, two of which are located abroad.

The gold reserves of the National Bank of Poland currently exceed 520 tons, and their estimated value is estimated at 240 billion zlotys (about $ 65.57 billion). This represents 25% of the total reserves of the central bank, although Glapinsky announced an increase in the share of gold in reserve assets to 30%. This is aimed at strengthening the financial stability of the country. According to RMF24, three locations have been identified for storing the precious metal. In addition to Poland, these places will be the UK and the USA.

Adam Glapinski stressed that gold stored abroad is safe and regularly checked.

"Our specialists from the National Bank of Poland, experts, regularly travel to New York and London take ingots in their hands and check their accuracy," Adam Glapinsky explained.

Gold ended up in the vaults of London and New York, including due to transport problems. Glapinsky said that to deliver the gold purchased in London back to Poland is technically difficult. Therefore, the bank is considering the possibility of increasing the volume of gold stored in Poland.

"I will insist that a third of the gold is here. Perhaps when I am still in power, the bank will decide to increase it," he said.

The National Bank of Poland has been steadily increasing its gold reserves in recent years. This allowed Poland to take 12th place in the world in terms of gold reserves.