In order to ensure the highest quality of our services, we use small files called cookies. When using our website, the cookie files are downloaded onto your device. You can change the settings of your browser at any time. In addition, your use of our website is tantamount to your consent to the processing of your personal data provided by electronic means.

Back

Information on transactions held by Ministry of Finance on the financial market in 2018

15.05.2019

The Ministry of Finance informs that in 2018 following transactions were concluded on the financial market:

  1. Interest Rate Swap Transactions (IRS) in domestic currency,
  2. Exchange of foreign currency.

Ad 1

Interest rate swap transactions had maturity up to 1,5 year and total notional amounted to PLN 148.0 bn. The aim of these transactions was to distribute debt servicing costs over the time within the years 2018-2019. As a result of concluded transactions debt servicing costs in 2018 has risen and in 2019 has decreased by PLN 4.2 bn.

Conclusion of transaction did not expose Ministry of Finance to market risk. The Supreme Chamber of Control did not raise any objections referring to the rationale and effectiveness of these operations. Settlement of transactions was undertaken according to Eurostat's guidelines and methodology. Information about transactions were included in the fiscal notification for 2019 delivered to the European Commission.

Ad 2

In 2018, as in previous years, Ministry of Finance exchanged foreign currencies on the financial market and in the central bank. Total exchange on the financial markets amounted to equivalent of EUR 0.2 bn.

{"register":{"columns":[]}}