Glapi?ski also commended the manner in which the gold was purchased, in particular the prices the gold was purchased at.

"We managed to do it very successfully," he said, adding that the National Bank of Poland earned or saved several dozen billion z?oty during its accumulation. Nortably, the previous conservative government of Law and Justice (PiS) embarked on a massive gold buying spree while it was in power, which accounts for a significant chunk of the overall gold reserve stocks.

"We have symbolically exceeded the resources of Great Britain, which has always been a kind of reference point," the NBP head said, adding that the gold purchases would continue. He also emphasized the importance of gold reserves as an economic stabilizer and state reserve.

"In accordance with the resolution of the board, we are striving for 20 percent of our currency reserves to be in gold. Then, we will find ourselves in such a close, exclusive club of the best economies in the world," Glapi?ski said.

Noting that "the best economies in the world are usually not frontline economies with war zones," referring to the war in Ukraine, the national bank head made sure to mention that Poland has some $200 billion in currency reserves as well.

"None of our trading partners and investors can doubt our credibility and solvency, even when a dramatic situation is unfolding around us."