The Polish central bank approved the plan to purchase 150 tons of gold.

The Polish central bank announced on Tuesday that it has approved a plan to purchase up to 150 tons of gold, which will increase the country's gold reserves to 700 tons. In a statement, the central bank said, "This will place Poland among the top 10 countries in the world in terms of gold reserves." Last week, Governor Adam Glapinski announced that he hoped the central bank's management committee would increase the limit of gold holdings from 550 tons to 700 tons by the end of December 31. As of now, the Polish central bank is able to use 30% of its total reserve assets to purchase gold. He stated that the specific timing to achieve this new goal has not yet been determined.