The Mint of Poland has joined the London Bullion Market Association (LBMA) as an Affiliate Member. LBMA is an independent organization that advances standards for the precious metals market and the common good of the global industry.

The LBMA is an international institution that aims to maintain the integrity and transparency of the precious metals market. It promotes best practices in the production of investment gold and silver, including purity, provenance and weight, and works with regulators and market participants to ensure the fair and efficient operation of the precious metals sector.

- Joining LBMA as an Affiliate Member means that the Mint of Poland is committed to adhering to the Global Precious Metals Code and promoting the efficient functioning of the precious metals market. The Mint of Poland’s commitment to very high reporting standards is a guarantee of full transparency for investors - said Katarzyna Budnicka-Filipiuk, President of the Board of the Mint of Poland.

Credibility and trust are the foundations upon which a financial market organization can build positive relationships with its stakeholders. The Mint of Poland has joined other members of LBMA, including banks, manufacturers of bars and bullion coins, and companies involved in the professional transportation and storage of large quantities of bullion. As the independent authority on the global precious metals market, LBMA ensures the highest standards of integrity and transparency in the industry through the development and design of market solutions.

- We believe that joining LBMA will herald new development opportunities in international markets and additional benefits relating to increased liquidity – and highlights the Mint of Poland's very strong market position adds Katarzyna Budnicka-Filipiuk.

Membership of LBMA will allow the Mint of Poland to help shape the future of the market, participate in initiatives for its transparency and promote best practice. A cornerstone of LBMA is its Responsible Sourcing Programme, which aims to promote international ethical standards among gold and silver refiners, an increasingly important issue in global trade. The programme supports the drive for sustainable and responsible business practices to protect the value of gold.