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Publication: European Stars and Stripes Thursday, January 20, 1994

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   European Stars and Stripes (Newspaper) - January 20, 1994, Darmstadt, Hesse                                Thursday january 20, 1994 Money matters the stars and stripes Page 15 today s rates following Are fixed rates a which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark 1.70 British Pound 1.53 dutch Guilder 1.89 greek drachma 242.8774 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rate that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren Des. /. -. " italian lira .,.,.,., 1,700.00 turkish lira 14,947.10 Spanish peseta .,.,.,. 142.22 portuguese escudo. 175.62 austrian Schilling. 12.263 saudi Royal. 3.7493 Bahrain Dinar. 0.37675 kuwaiti Dinar. 0.2979 norwegian Krone. 7.504 danish Krone. 6.774 British Pound 1.4935 Gentian Mark 1.746 Swiss franc. 1.4603 French franc. 5.9315 dutch Guilder 1.952 belgian franc 36.35 Canadian Dollar. 1.3128 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $392.70 an ounce Silver quote $5.31 an ounce Dow Jones new York up Dow Jones dosing Range of averages on tuesday. Hah Low close Ching 30 industrials 3905.19 3840.75 3870.29 unch 1835.24 1809.07 1822.58 unch 222.52 219.35 220.60 up 0.39 1423.74 1401.73 1412.04 up 0.33 20 transport 15 utilities 65 stocks Yugoslavia to Issue super Dinar currency Belgrade Yugoslavia a the government will introduce a convertible super Dinar in its efforts to curb inflation now at More than 1 million percent a month and Shore up the battered econ omy officials said tuesday. The government says the new super Dinar to be issued monday will be fully convertible with foreign currencies. It Exchange rate is being pegged at one Dinar to the German Mark now wort about 57 cents. The government said the convertible Dinar will be backed by about $100 Mil lion of Serbia s foreign currency reserves. . To subsidize pork sales to Russia sex soviet nations Washington a the Federal government will subsidize the Sale of 20,000 metric tons of pork to Russia and six other nations once part of the soviet Union. This year s sales will Mark the first time that the Export enhancement pro Gram is utilized for pork. The announcement tuesday culminates two years of efforts by the Industry  As lawmakers from Iowa Illinois and other hog raising states to have their products included in the program. Previously the program was used mostly for wheat. The program pays bonuses to Export companies. The Bonus makes up the Dif Ference Between the . Price and the subsidized Price charged for goods fro Mother countries. Denmark which subsidizes its pork producers is the leading supplier of pork to the other former soviet republics. By extending the Export enhance ment program for this pork Sale the Clinton administration sends a Strong Sig Nal that we will continue to Battle head to head for foreign agricultural markets said sen. Tom Harkin a Iowa. The agriculture department announcement covers sales to Russia Armenia Belarus Georgia Kazakhstan Moldova and Ukraine. The subsidy amounts depend on the Cut of pork and the Market Price. Al tank an Export official with the National pork producers Council said the subsidies could run from $600 to $700 a metric ton. That would mean a Cost to the government of $12 million to $1.4 Mil lion. A metric ton is about 2,200 pounds. Supporters of the program say however that it pays for itself through the Ripple effect of More jobs and More tax revenues from workers and employers. Rep. Richard j. Durbin d-i11., said 516,000 jobs depend directly or indirectly on the pork Industry. Tank quoting estimates from the University of Missouri said the sales rep resent about 244,000 Slaughter hogs however the Sale would add $2 to $2.50 to the value of a hog now about $110, for three months he said. The program has been widely used for poultry wheat vegetable Oil and a num Ber of other products. The Cost of keep and  it was More than $1 billion in fiscal 1993. Most of the spending $775 million was to subsidize wheat exports. The recently concluded round of Trade talks under the general agreement on tariffs and Trade Calls for lowering those subsidies. Agriculture Secretary Mike Espy Hassid however that until Gatt is approved by Congress and is in place in july 1995, the department will use All Avail Able subsidy programs. Boston Chicken plucks a profit Naperville 111. A Bosto Chicken inc. Said tuesday that it turned a $1.4 million profit in the fourth Quarter its first Quarter As a publicly traded com Pany. The restaurant Chain s profits which amounted to 8 cents per share for the three months that ended dec. 31, Coin pared with a loss of $1.5 million or 10 cents per share for the same period year earlier. Company Revenue Rose to $14.3 million from $3.2 million syst wide store reve nue including sales by franchised stores climbed to $52.9 million from $13.9 Mil lion. For the full year Boston Chicken earned $1.6 million or 13 cents a share compared with a 1992 loss of $5.9 million or 41 cents a share. The Revenue gains reflected the com Pany s aggressive expansion and Strong consumer acceptance said Mark Stephens chief financial officer. The restau rants offer rotisserie roasted Chicken fresh vegetables mashed potatoes and other Home style Side dishes. I n in j i the company based in the chicag Jessie Booco of Hayden colo., is Bent on making Strawberry As pretty As possible. The suburb of Naperville has 228 stores in 19 13-year-old is grooming her pet shorthorn steer for a National Stock contest in Denver states. It expects to increase that number and she s convinced that Strawberry is the Cream of the crop. To 450 by year s end. Steer in the right direction pesticide on jetliners May be Hazard officials say i Washington a air travellers could face health Hazard from pesticides that some nations re quire to be sprayed aboard jetliners Clinton administration officials say. The environmental Protection Agency said it has received recent complaints that the spraying causes Nau sea and other flu like symptoms. The nations that order the pesticide use Are in the Pacific the Caribbean and Central and South Ameri Ca. . Officials said they Are at a loss to explain Why those nations Many with a Rich variety of tropical in sects require pesticide use on incoming flights. Those countries May fear introduction of insects with no Natu ral enemies there they said. The United states banned the in flight spraying of insecticides on Domestic flights in 1979 after official decided that any benefits were outweighed by the pos sible hazards. The government does not have the authority to impose the ban on International flights de parting from the United states. But the transportation department is considering a proposal to require airlines in the United states Tollert passengers that the spraying will take place on their flights. Requiring the notification could coax other countries to drop the spraying Rule rather than risk a loss of . Tourist dollars officials said. If people Are subject to chemical sensitivity they can make an informed decision As to whether logo into that country said Stephen Johnson the Epa s head of pesticide registration. Richard Mintz a spokesman for transportation Secretary Federico Pena said the department has the authority to require that passengers be told of pesticide use before they buy airline tickets. He declined to Sug Gest other possible enforcement measures. The nations that order the pesticide use Are austra Lia new zealand Argentina Belize Bolivia Brazil Chile Costa Rica Peru Colombia Venezuela Al Sal Vador Nicaragua Guatemala Panama Mexico anti Gua Barbados Jamaica St. Lucia and St. Martin. The . Territory of Guam and the . Commonwealth of the Northern Marianas islands also require spraying. Flight attendants walk Down the aisles spraying the pesticide shortly before a plane is to land in one of those countries. The synthetic pesticide used on airliners is consid ered to have Low toxicity for humans meaning it is not generally dangerous. But Johnson said some people with chemical sensitivity could experience a serious re action. Johnson also said the pesticide sold in this country As Black Knight Roach killer has an inconsistent warn ing Label. The Label says the product should not be sprayed around humans in the Home but recommends its use on airliners with the ventilation system closed ensuring its inhalation by passengers. There s clearly significant inconsistency on the Label Johnson said. That s unacceptable. We re try ing to get the company to change the Label to discourage its use on jetliners. Forcing the company to change the Label could be a problem he said. The process usually takes years unless the government can prove there is an emergency. The transportation department said that in the 12 months that ended in september major . Airlines flew 15.2 million people to the Caribbean Central America and South America. Figures for Australia and new zealand were not available  
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