Narodowy Bank Polski (NBP)

The primary activity of Narodowy Bank Polski (NBP), the National Bank of Poland, is to act as the central bank of the Republic of Poland. Its fundamental mission is to maintain price stability, that is, to preserve the value of the Polish currency (złoty), while supporting the government's economic policy, insofar as this does not compromise its primary objective.

The main products and services offered by the NBP are :

• The management of monetary policy (setting interest rates, controlling inflation, managing the money supply).
• The issuance of the national currency (issuance of banknotes and coins, including collector and commemorative coins).
• The organization and supervision of the payment system to ensure safe and efficient financial transactions.
• The management of the country's foreign exchange and gold reserves.
• The collection, analysis and publication of economic and financial statistics.
• The monitoring of the stability of the Polish financial system.
• Educational and outreach activities on economics and finance.

The NBP's target market includes the entire Polish economy: financial institutions, businesses, public administrations and citizens, as well as international partners within the framework of monetary and financial cooperation.

History and key milestones in the development of the National Bank of Poland (NBP)

The National Bank of Poland (Narodowy Bank Polski, NBP) is the central bank of the Republic of Poland. Its main mission is to ensure the stability of the Polish currency and price stability, while supporting the government's economic policy, insofar as this does not compromise its fundamental objective.

Creation and foundations:
The NBP was established as an independent institution, in accordance with the Polish Constitution. It follows a long banking tradition in Poland, but its modern form and current missions are defined by post-communist legislation, particularly after 1989, during the transition to a market economy.

Main products and activities:
The NBP issues the national currency (the zloty), manages the country's foreign exchange reserves, supervises the payment system, publishes economic and statistical analyses, and plays a key role in monetary policy (setting reference rates, fighting inflation, etc.). It also issues collector coins and banknotes, in addition to regular issues.

Partnerships and cooperation:
The NBP cooperates with other central banks, notably within the framework of the European Union and the European System of Central Banks (ESCB), although Poland has not adopted the euro. It also participates in international initiatives for financial stability and the fight against money laundering.

Acquisitions and strategic changes:
The NBP is not a commercial enterprise and does not make acquisitions in the classic sense, but it has undergone significant strategic developments, notably adapting its missions and tools to the market economy, modernizing its payment systems, and significantly increasing its gold reserves (target of 700 tonnes announced for 2026).

Recent events:
The NBP plays an active role in financing the country's strategic needs, such as defense financing. It continues to innovate in the issuance of commemorative coins and in the management of monetary policy in the face of contemporary economic challenges (inflation, financial stability, etc.).

Governance:
The governing bodies of the NBP are the President, the Monetary Policy Council, and the Management Board. The headquarters is in Warsaw.

For more information, see the official NBP website: https://www.nbp.pl

The Narodowy Bank Polski (NBP), or National Bank of Poland, was founded in 1945. The current president of the NBP is Adam Glapiński, who has been in office since 2016. Among the main members of the management team are also several vice presidents, including Marta Kightley (First Vice President), Piotr Szpunar, and Andrzej Kaźmierczak. The Monetary Policy Council (Rada Polityki Pieniężnej) also plays a key role in the governance of the NBP, composed of members appointed by the President of the Republic, the Sejm, and the Senate. The management team oversees monetary policy, financial stability, and the management of the Polish central bank’s reserves.