European Stars and Stripes (Newspaper) - November 5, 1990, Darmstadt, Hesse Page 20 a a a the stars and stripes monday november 5,1990 Banks promote Eastern Germany today s crossword Berlin up four major european Banks on saturday announced an initiative to encourage investment in economically troubled former communist East Germany. The Banks a Germany s Commer Bank Frances credit Lyon conversion rates London up Friday s closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars now was quoted a 3375.75 an ounce Shver it 54.18, new. 1 nov. 2 Brett in Pound .1,9525 1.9535 Germa Marii. .1.5080 1.5010 French franc a 5.0390 Ouw Quintar. 1.7170 1.0945 belgian franc a 30.99 fraifiifrr.-. 1,128.50 sets franc.1.2015 1.2740 greek drachma.153.95 152.25 tuttt&hlra.2,76920 2,760,40 saudi arabian 3.7496 Spainh peseta._.95.40 94.55 Porto ism eacudo.133.60 132.1d Canadian dollar.1,1680 1.1645 austrian achfllng.10.70 10,56 norwegian Krone. 5 9225 6.8620 danish Toon. 5.8190 5.7530 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.47 monday based on fridays noontime Price axing. . Temperatures Abilene, Akron Albany,. arnarik.1t> Aih Aykut of Tantra Atlantic Cilcy a att in 8altfrnor.ee Baton Roug be by Minth to Brid Lapof it Browne v9l.ee . cheaper ,,c. . Charlotle,,e. Nail Spain a Banco hispano americano and Italy a Banco i Roma a will Lead a major publicity Campaign Over the next 12 months to attract investment in Eastern Germany. The Banks said in a statement that beginning in 1991, the initiative will sponsor West european Trade promotion Tours by corporate and regional representatives from the five new Eastern Germany states which joined the 11 Western Germany states on oct. 3 unification. The inefficient state industries of former East Germany have lurched into crisis since the country was opened to capitalism with the july 1 economic and monetary Union and the unification of both Germany. Unemployment continues to grow in Eastern Germany. Current figures show 800,000 people without work and 1.2 million forced into Short term work for less Money. Eastern Germany has a work Force of just Over 8 million. A joint report released two weeks ago by Germany a five leading economic research institutes predicted 1.7 million unemployed and 2 million Short term workers in Eastern Germany during 1991. The flow of exports from Western Germany to Eastern Germany soared by 135 percent to $7.6 billion in the first eight months of this year compared with 1989. But exports from Eastern to Western Germany Rose by Only 8 percent to $3.36 billion in the same period. To help boost Industry the european Banks plan to promote Eastern Germany As a key link Between the West and the 100 million Consumers in Eastern Europe As Well As the 280 million Consumers in the soviet Union. European weather a ilk a a mostly Budy to Cloudy with Breezy winds Alcor to Tite Northern coast Hain and min shews Wil occur along the Northern coast until midday and them Here throughout the Day. Higher elevations in Southern Germany we encounter isolated know end Snow Shower. High temperatures 40-45, lows 34-30, Sunset monday 4.56, Sunrise tuesday 7 24. Outlook Tor tuesday. Skies i begin to dear from the North and tog wll form in Northern Germany and the Benelux during fete night and Early morning hours. Rain and Snow i occur in Southern Germany. High temperatures 41-46, lows 35-39. Tempera Ains recorded sunday. 4am 4pm 63 77 Copenhagen e 39 46 Frantt Rrt r 73 London 54 Madrid i 39 Munich re 43 Paris i 46 Rome p Adana a Amsterdam f Athens p Aviano p Berlin of Bramer sawn r Brussels i 4am 4pm 36 43 39 39 38 41 39 41 41 36 41 54 a provided by det 13,2nd weather win Graben Trai cacti. Other world wide temperatures i 43 46 57 39 50 61 Jyh Low Cairo f 93 66 Manila 1 Olaf Ryart f 88 66 Montreal r 54 Dublin c 50 39 Moscow c 37 Hebing. C 43 32 Oslo c 43 Jerusalem f 84 57 Toronto c 66 Lisbon f 64 52 Vancouver c 50 43 supplied by the associated press. A Cloudy a partly Cloudy of fair a rain to Haze afr Rak Windy. 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