The foreign exchange reserves of the country stood at an all-time high of $19.15 billion at the end of February, $1.03 billion more than the earlier record set in January, and more than 38 percent higher than a year earlier, the central bank said on Sunday.
The higher reserves, which stem from a widening current-account surplus, are enough to cover more than six months of imports. At the end of February 2013, reserves totalled $13.85 billion.
In the first eight months of the financial year that will end in June, the central bank purchased around $3.3 billion from local commercial banks to help keep the local currency stable. In the previous financial year, it bought $4 billion.
Economic growth is expected to slow below 6 percent in the financial year ending in June, as the country was gripped by political turmoil in the months leading up to an election in January. In 2012/13, the economy grew 6 percent.