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European Economic News

Poland Foreign Reserves Decline In April

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Poland's official foreign reserves decreased from the previous month in April, data released by the National Bank of Poland showed Tuesday.

Total reserves dropped to EUR83.53 billion in April from EUR84.94 billion in March. The value of total reserves at the end of February was EUR81.61 billion.

The country had foreign exchange reserves worth EUR73.41 billion in April, lower than EUR74.81 billion recorded at the end of March. Special drawing rights (SDR) decreased to EUR1.21 billion from EUR1.23 billion in the prior month.

Poland's reserve position in the International Monetary Fund (IMF) was EUR1.01 billion in April, slightly lower than the previous month's EUR1.02 billion. The value of gold reserves dropped to EUR3.73 billion from EUR4.13 billion, data showed.

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