(Bloomberg) -- Poland’s central bank has sought to reject criticism that it misled the government over its finances, saying its 2023 result was undercut by 31 billion zloty ($7.8 billion) at the end of last year due to the strong zloty.

The statement comes as the adminstration of Donald Tusk is getting ready to move against central bank Governor Adam Glapinski with allegations focusing on the 2023 result, according to people familiar with discussions, who declined to be named because the talks are private. Glapinski signaled to finance ministry in August that his institution may contribute a profit to this year’s budget.

In a emailed statement published on Wednesday, the National Bank of Poland said that “a positive financial result is not a statutory and operational objective” of the bank. The possibility of a loss has been widely known since at least September, according to the central bank.

 

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