November 27, 2013 / 7:15 PM / in 4 years

Venezuela evaluates swap agreement using gold reserves -source

MEXICO CITY, Nov 27 (Reuters) - Venezuela is evaluating a swap agreement involving gold reserves as a way to fortify dollar supplies in the OPEC nation, a senior government source told Reuters on Wednesday, amid chronic product shortages and inflation close to 55 percent.

Venezuela’s opposition leader Henrique Capriles said last week that the government was negotiating a swap operation with Goldman Sachs involving 1.45 million ounces of gold worth around $1.860 billion.

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