CAIRO – Egypt's central bank says foreign currency reserves stood at $13.4 billion last month.
That's a less than 1 percent decline from February, but the nation's reserves have fallen sharply from $36 billion since the popular uprising in 2011 that ousted Hosni Mubarak.
The Egyptian government currently is in talks with the International Monetary Fund to secure a $4.8 billion loan to bolster the country's battered economy. Egypt's planning minister said Thursday that a final agreement with the IMF could be reached in the next two weeks.
Negotiations with the IMF have stalled several times since early 2012, largely over expected austerity measures in a highly polarized political atmosphere.
The Egyptian pound has lost more than 7 percent of its value to the dollar since late last year.
