European Stars and Stripes (Newspaper) - March 10, 1991, Darmstadt, Hesse Sunday March 10, 1991 the stars and stripes b Page 15 Money matters Dollar watch shown below Are the highest Dollar Exchange rates for the week of a. March 3-9 compared with Dollar rates for the same period one year and five years ago. British Pound one Pound would Cost you $187 $1.62 1990 l $1-44 1986 l German Mark one Dollar would buy you 1.68 1990 2.23 1986 a military Exchange rate belgian franc one Dollar would buy you 46.32 35.36 31.81 1991 l 1990 j dutch Guilder one Dollar would buy you 1986 1.75 1991 1.92 1990 2.54 1986 a a a. A a is amps the Dollar fought its Way through the 1.56-Mark level in european trading last week amid continued optimism about prospects for an economic recovery in the United states. The Dollar stayed Strong despite a Steep Rise in the . Unemployment rate which hit 6.5 percent in february 0.3 percentage Points higher than in january and the largest monthly increase in five years. Most economists had expected a less dismal report but the poor data did no to deter the Dollar from reaching another plateau. A the Dollar at. The moment t seems to be driven mainly by senti ment a said Petra Ott an economist with Citibank in Frankfurt Germany. With peace in the persian Gulf Many currency traders Are expecting an end to the . Recession within six months she said. Tim Fox a currency analyst with Midland Bank in London said for eign Exchange markets simply in. Nored the poor unemployment numbers priday. In late european trading the Dollar stood at 1.5635 Marks and one Pound was Selling for $ 1.87, up sharply trom a Day earlier. Military Exchange rates for the weekend and monday were set at 1-52 Marks in Germany and $1.92 Tor a Pound in England. That Mark rate is two pfennig better than service Meibers could get. Last week and the rate in England represents a three cent improvement on the week. A Man traders see the Dollar continuing to gain with some pre meting 1.s7 Marks in German trading in Short order. Ott however said she believes the Dollar is still Vulner a 1� 10 losses should the . Econ of it not recover As quickly As the stars and Stripe nightspot owners yearning for prewar customer return by Randy Pruitt staff writer. Other than the Man blocking the door Way Larry a Jack swing is just another nightspot among the strip of bars and Sandwich shops in the Sachsenhause area of Frankfurt Germany. The Man at the clubs Entrance is a Security guard. Its his Job to make sure no stray boo2e or their Way into the popular watering Hole where Young people of All nationalities congregate. A and nobody minds being checked a commented owner Larry of Rosskopf the guard an of duty officer who normally works Security at Frankfurt International Airport pats Down the men and Peers inside women a handbags. But for Grosskopf a former g1 who opened the dub nine years ago there s More to be feared than bombs. Jitters Over terrorism Are keeping civilians and Servic members away from his establishment and those like it in Europe. Some nightspot owners say their business is off 50 percent compared to prewar Days Ancl the loss of income is starting to Hurt. Peace Hasnal fully reversed the trend. A a the germans Are afraid to go out too a Grosskopf said. A even some of my employees did no to want to come to around the Corner from Grosskopf Patricia Hendrick runs the cottage an Irish pub that once relied on american military patrons for most of its business. A now 30 percent Are american and they re mainly civilians a Hendrick said. Her business began falling at Christmas and that includes germans she blames the deployment of troops to the Gull and fears of terrorism for the drop in custom. A a in a making less than half what i took in two months ago a she said. She Hopes the end of the War eventually gives customers the Confidence to return. Hendrick who has run the club for 10 years said she went through the same sort of economic doldrums when the United states bombed Libya in 1985. A a i think things will pick up now with the War Over a she said a a Wco a have Yel Low ribbons and a big .we1 a tie sign for returning soldiers a. Fellow businessman Mike Prem co owner of an English pub called the Anglo Saxon inn said he thinks Many customers Are still nervous. A we keep an Eye on any bag a customer brings in with them a he said. A we make sure they leave with Prem said a Rucksack he discovered re cantly inside the club was placed on the. Cobblestone Walkway out front. Lie was ready to douse it with a bucket of water when the owner suddenly reappeared. Inside the Rodeo mexican restaurant near the Frankfurt Community a shopping Center waiter Jack Madeddu said business was Down by 50 percent after the War started but has picked up in the past two weeks. He attributed part of the decline to the threat of terrorism. A a let a be realistic a he said. A a we done to Sec the uniforms any More Quot said Madeddu whose father owns the popular about 65 percent of the restaurants business normally comes from americans he said. A Frankfurt military spokesperson said no areas of the City Are officially off limits to soldiers. However several service members said their commanders have or dered them to stay away from Sachsenhause and the Kaisch Strasse neighbourhood known for its tawdry nightspots. In Wurzburg Germany cars and trucks still pull up to the truck Stop but their Drivers rarely go inside. Located one Block from the main Gate of Leighton Barracks the combination bar and restaurant was a popular gathering place for . Soldiers and family members. But that was before coalition forces launched an air attack and then a ground Campaign against Iraq. When War erupted in mid january the truck Stop and other Wurzburg bars and discos were declared off limits to . Military personnel. The establishments were considered possible terrorist targets because of the High number of americans who frequented them. It was really mad about it a said truck Stop owner Karin Willard. She said 75 percent of her customers disappeared a overnight and German patrons no longer. Dropped in either a they came Here to talk to the americans Quot she explained. Willard thinks she and the other bars that were placed off limits Are being singled out unfairly. A i can see a big disco like the one phey bombed in Berlin a few years Back but not a place with 10 people in it a she said. A people talk to me that used to come in Here and they Are upset. All they re doing is going to another-bar.,the other bars Are a couple of streets Over. They re making double the Money As she said Wurzburg military officials have been no help. A a i was told to sit Back and ride it out a she said. She estimates her establishment will survive Only two More months with its present Cash flow. Jim Macfarlane a Wurzburg Public affairs spokesman said military officials Are sympathetic toward Willard and other club owners. But in the past a places where bombs went off and people got killed were places just like that Quot he said. A during the Early Days of the War Mac Farlane said about 30 establishments were temporarily placed off limits. Some were removed from the banned list As the desert storm Campaign progressed he said. Willard s bar and eight others remain on the list because they Cater primarily to americans. In other areas there is evidence that fear of terrorism is diminishing. In Naples Italy for instance the itt office at the naval support activity reported an 80 percent drop in business since the Start of the Gulf War. A Media reports had people scared Quot said Robert ii Liano an itt travel agent. Itt initially cancelled All its Tours due to both a Lack of business and at the request of military commanders he said. A now business is picking up. It started about two weeks ago when there was talk of a negotiated settlement a he said. De Inland is Strong for hours to Germany Britain Spain and throughout Italy. A a we be even had people asking about Tours to Israel a Illiano said. Contributing to Thia report staff or Tara John Millar in Wurzburg and Gary Millar and j. King Crugar in Naplava a amps l Emmett Lewis or. ,. A amps l. Emmett a k nah in the Sachsenhause area of Frankfurt Germany with Friday evening customers. Mike Prem owner fan English Pun in Mes
