European Stars and Stripes (Newspaper) - August 4, 1991, Darmstadt, Hesse                                Sunday August 4, 1991 the stars and stripes a Page �?o15 \ \ in v. \ s \ \ \ s v. Nafes amp a shown below Are the highest Dollar Exchange rates for the week of july 28 August 3 compared with Dollar rates for the same period one year and five years ago. British Pound one Pound would Cost you German Mark one Dollar would buy you a military Exchange rate belgian franc one Dollar would buy you 36 05 33.03 i 1991 1990 1986 dutch Guilder one Dollar would buy you 35 1.82 a amps renewed concern Over the health of the . Economy caused the Dollar to Tumble 2vi pfennig Friday afternoon in Europe with some analysts predicting its headed even lower. The Surprise drop occurred after the release of a labor department report in the United states showing that non farm payrolls declined by 51,000 jobs in july. Before the reports release currency traders were predicting that non farm payrolls would increase by 50,000 jobs in the month which would have been consistent with the View that the american Economy is making a slow but steady recovery. # instead fridays data cast doubt on that school of thought said Steve Barrow an economist with chemical Bank in London. The Job growth report Isnit a sure sign of a deepening recession in the United states but it does suggest continued lacklustre performance perhaps for the rest of the year he said. As a result Barrow predicts the Dollar could fall As Low As 1.66 Marks in Germany Over the next two months. Late Friday the Dollar was trading at 1.74 Marks in Frankfurt Germany Well off the Days High of 1.767 Marks. One Pound was trading for $1.69 on the world Market roughly a 2-cent loss for the Buck when compared with the markets close thursday. Luckily for . Service members overseas the dollars tailspin came after military Exchange rates had been set for the weekend. That Means one Dollar will buy 1.72 Marks at military banking facilities this weekend in Germany 2 cents better than a week ago while one British Pound is Selling for $1.73, a Penny less than last weekend. The Star and str Paa this was the scene last week at the Senate foreign relations subcommittee on terrorism which is holding hearings on Bocci. Cia says it kept tabs on criminals through scandal plagued Bocci by Ruth Sinai the associated press Washington the Deputy director of the Cia has acknowledged that the Agency used the Bank of credit and Commerce International to Monitor activities of drug traffickers and terrorists. The Central intelligence Agency initially used the Bank now embroiled in the biggest banking scandal in history to support its overseas operations the Deputy director Richard Kerr told a meeting Friday of the congressional youth leadership Council. At the same time Kerr said a we were very aggressively collecting information against Bocci As a target of intelligence because from the Early 1980s a it was quite obvious that it was involved in illegal activities such As Money laundering narcotics and  this account was the most specific so far of the Agency a role in the Bank which Kerry a predecessor Robert Gates once called a the Bank of Crooks and  Gates president Bush a beleaguered nominee to head the Cia was Deputy director of the Agency from 1987 to 1989, at that time the Agency had become so suspicious of Bocci that it closed Down Allks accounts there said an administration official who spoke Friday afternoon on condition of anonymity. Bush in his first Public comments on the unfolding scandal defended Gates on Friday in connection with Bocci although he  not knowing much about the affair. A i do know this that some Are trying to use this matter to be against my nominee to head the Cia Bob Gates and i will resist that every Way possible a Bush said. The Cia used Bocci both to support its activities abroad such As paying agents and to funnel Money to guerrilla groups supported by the United states in Nicaragua and Afghanistan officials say. The Luxembourg based Bocci had branches in nearly 70 countries. A Scia used it As anyone would use a Bank not in any illegal Way. But As a Way to move Money a Kerr said. He did not specify How the Agency tracked Bocci accounts of narcotics dealers and terrorists. The Cia passed on the information it gathered to various agencies within the intelligence Community said the administration official. He declined to say which agencies. Another official has previously said these include the National Security Agency whose Job is to Monitor phone Calls from the United states to other countries and the Pentagon a defense intelligence Agency it was not known whether the Justice department used intelligence information to obtain convictions against the Bocci Branch in Tampa fla., and five individuals in 1988 on charges of Money laundering. A state department official said the Cia gave the state department information regarding Bocci accounts controlled by a Radical palestinian terrorist organization run by Abu Nidal. As a result governments in Poland and East Germany closed Down Abu Nidal a front operations in the 1980s, said the official Alan j. Kreczko Deputy Legal adviser to the department. In documents released last week by san. John f. Kerry d-mass., chairman of the Senate foreign relations terrorism subcommittee investigating Bocci Federal Reserve officials said the Cia did no to give them information it had regarding by Cir a secret control of Washington based first american Bank. The Ciao a departing director William Webster has ordered his inspector general to conduct a review of the Agency a dealings with Bocci so it can make a Complete report to Congress. Depositors around the world stand to lose billions of dollars in savings at Bocci unless its Arab owners make Good on the Bank a losses. A Bank of England report has put the loss at $5 billion to $15 billion. Bush said a a it san egregious matter of breach of Public Trust in the sense that this Bank apparently was doing very bad  More Cost problems with c-17 reported by the los Angeles times the department of defense increased by another $200 million the estimated loss that Mcdonnell Douglas faces on the c-17 military cargo Jet and reduced contract payments to the company a indications that the program remains deeply troubled by rising costs. Government officials close to the program say the air Force and other Pentagon agencies concluded last month that the company a Douglas aircraft unit would spend $7.3 billion to Complete its contracts to develop and build the first six aircraft. The governments previous estimate was $7.1 billion. Originally the contracts were supposed to be completed for a maximum of $6.6 billion. The latest developments Fly in the face of Strong earnings posted by the company last week and raise anew questions about the effectiveness of Mcdonnell a efforts to solve longstanding problems at the company a site in Long Beach Calif. Last week air Force and department of defense representatives said Douglas had Little Chance of flying the first c-17 before the end of August and might not Fly the aircraft until december. The first flight is More than a year late. Mcdonnell executives continued to assert that they will break even on the c-17 contracts despite the latest government