Deposits in foreign currencies, mainly euro and US dollar, totalled in June nearly USD 35bn, which makes up a $6.5bn increase from the last year’s figures.
The upswing coincides with a one-percent drop in the deposit amounts in Poland’s zloty, the data have shown.
‘The trend dates back to October 2021 and corresponds with the inflation dynamics,’ chief analyst at HRE Investments, Bartosz Turek, has said.
Poles are allocating their assets in euros or US dollars in a bid to shield their funds from a whole host of adverse factors.
From the war in Ukraine, through an energy crisis, to a looming economic downturn, Poles have been actively seeking to cushion their savings by diversifying their portfolios.
(pjm)
Source: Rzeczpospolita