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Gold Fan Glapinski Sees Poland Buying More in Pitch for New Term

  • Poland to buy at least 100 tons of gold in coming years
  • Glapinski sees bullion holdings as show of economic strength
Updated on

Poland’s central bank wants to buy at least 100 tons of gold in the coming years to demonstrate the country’s economic strength, Governor Adam Glapinski said.

Making a bid for a second term at the helm of the central bank, Glapinski told government-friendly Sieci weekly on Monday that the amount of gold in reserves more than doubled to 229 tons under his watch. The new holdings will be stored in Poland, he said.