Polish gov't wants c bank reserves to finance debt

Poland's new minister of finance Andrzej Raczko plans to use central bank foreign currency reserves to finance Polish foreign debt. Members of the Monetary Policy Council oppose any decrease of reserves made against exchange rate risk.

Source: Polish News Bulletin

Andrzej Raczko, the new Minister of Finance, decided to withdraw from a controversial plan of his predecessor, Grzegorz Kolodko, to include in next year's budget funds from the revaluation reserve of the National Bank of Poland (NBP)

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account