Bangladesh’s foreign exchange reserves rose to $33.37 billion at the end of February, $680 million more than the previous month, the central bank said on Monday.
The reserves were up nearly 2.5 percent from a year earlier, and are sufficient to cover about 10 months’ worth of imports for the country of 160 million people, reports Reuters.
Steady garment exports and remittances from Bangladeshis working overseas - the key drivers of the country’s more-than $250 billion economy - have helped foreign exchange reserves grow steadily in recent years.
Bangladesh’s economic growth hit a record 7.28 percent in the 2016-17 financial year, up from 7.11 percent a year ago.