Adam Glapiński Discussed Role of Gold and G20 with US Ambassador

The President of the National Bank of Poland Adam Glapiński received the Ambassador of the United States to Poland at the bank's headquarters. The meeting aimed to discuss key aspects of financial cooperation between the two countries and exchange views on the current economic situation. During the talks, particular attention was paid to Poland's role in the world's financial architecture, including aspirations to join the G20 group. Financial relations between Poland and the USA are based on multilateral trade agreements and close cooperation within the International Monetary Fund, which is crucial for the stability of the złoty.A significant point on the agenda was an analysis of the role of precious metals in central bank policy. It was emphasized that gold reserves are becoming an increasingly important element of the financial security of a modern state. The NBP has pursued an active policy of increasing its holdings of this metal in recent years, which drew interest from the American side. The US Ambassador noted that the stability of the Polish banking system is a foundation for further investments of American capital in the region. „During the meeting, the growing role of gold in central bank reserves and the stability of the Polish financial system were emphasized.” — NBP StatementThe interlocutors also raised the issue of coordinating actions within international institutions. US support for Poland's candidacy to the G20 is seen as a signal of appreciation for the strength of the national economy. Both sides declared the continuation of dialogue at the expert level, which is to facilitate the implementation of new solutions in the area of financial cybersecurity and banking technologies. The meeting concluded with confirmation of the strong strategic ties linking Warsaw and Washington in the sphere of monetarism. 359 ton — are the current gold reserves of the National Bank of Poland