European Stars and Stripes (Newspaper) - June 28, 1994, Darmstadt, Hesse                                Page 14 / the stars and stripes a  Money matters tuesday june 28, 1994 f today a rates following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound .1,59 dutch Guilder. 1.72 German snark 1.54 greek drachma .232.5375 note the rates above apply within a Host country. Figures Are expressed in  the British Pound other currencies to the Dollar following arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies austrian Schilling .11.1140 Bahrain Dinar. 0.37675 belgian franc. 32.80 British Pound. 1.5505 Canadian Dollar.1.3866 danish Krona. 6.2030 dutch Guilder. 1.7685 French franc .5.4030 German Mark. 1.5780 italian lira.1.557 Kuwait Dinar .0-29550 norwegian Krona .6.8795 portuguese escudo. 163.00 saudi rial. 3.75 Spanish peseta. 130.60 Swiss franc .1.3205 turkish lira. 31,000.00 nolo figures Are expressed in dollars to Tho British Pound other currencies to Tho Dollar Gold quote $386.10 Art ounce Silver quote $5 32 on ounce sources merchants National Bank amp Trust co., Tho associated press United pros3 International a a a a a it a a a a 4. 4 amp a a a a it to is it for the first time since world War ii the . Dollar fell below the 100-yen level in trading monday in Tokyo. Economists rip White House for failing to Stem Dollar s fall gasoline prices Rise 2 cents a gallon los Angeles a Tho Overall retail Price of gasoline nationwide jumped More than 2 cents a gallon during the past two weeks an Industry analyst said sunday the Price Rose to 118.4 cents per gallon up 2,08 cents Between june 10 and june 24, said Trilby Lundburg who directs the biweekly Lundburg Survey of More than 10,000 gasoline stations nationwide. But the retail Price did not Rise As fast As the wholesale Price suggesting the Cost of gasoline will continue to climb As retailers catch up Lundburg said. There will be additional upward pressure on gasoline prices As a result of summertime demand Lundburg said. The Overall average prices per gallon at self service pumps during the past two weeks were regular unleaded 111.60 cents mid Grade 112.16 cents Premium 130.56 cents and leaded 114.66 cents. At full service pumps regular unleaded was 145.13 cents mid Grade 153.47 cents Premium 160.97 cents and leaded 137.76 cents. Black amp Decker recalls 750,000 Coffee makers Washington of Black amp Decker is recalling 750,000 under the Cabinet Model Coffee machines because of thermostats that could cause fires. _ people with sdc1, sdc2 and sdc3 Model machines made Between february 1984 and May 1988 under the Black amp Decker or general electric name should take them to the nearest Black amp Decker service Center for inspection. Models with Date codes of 406 through 822 Are being recalled. The codes can be found on the outside of the plug prong. Black amp Decker will replace the affected thermostats free or give Consumers 70 percent off the Price of a new Black amp Decker Coffee maker. Machines found not to contain a damaged thermostat will be returned to Consumers. Consumers can Call 800 8261070 for the location of the nearest service Center. By William j. Eaton los Angeles times Washington a criticism escalated sunday Over the Clinton administrations response to the declining Dollar feeding speculation that the Federal Reserve Board would decide next week to again raise Short term interest rates in order to bolster the  against the japanese yen and the German Mark. White House officials urged a wait and see attitude in the Wake of fridays coordinated $3 billion intervention by the Treasury and 16 other major Industrial nations to Stop the rapid drop in the dollars value. But monday in the far East the Dollar continued to Tumble despite heavy Dollar purchases by the Bank of Japan. The Dollar closed at 99.93 yen a Post world War ii Low. The Dollar was Down 0.47 yen from its Tokyo finish Friday and below its 100,45 yen  in new York. The Dollar also continued to drop against the German Mark. Reflecting currency turmoil and worries about interest rates asian Stock markets slumped virtually across the Board Early monday. Japan a nikkei Index was off almost 450 Points at the end of the morning session and in new zealand the nzse-40 Index plunged 4 percent. A we arc concerned we re serious and we re focused with respect to the Dollar a said Robert e. Rubin a top economic adviser to president Clinton but he acknowledged that the United states was in a a very difficult situation As the dollars value fell close to near re Cord lows against the yen and dropped to its lowest Point in More than a year against the Mark. A the Treasury people did a disciplined and very thoughtful Job a Rubin said on Abc tvs meet the press. A you have to sit and wait and watch what happens Over time and then make your judgments on the response Rubin said the Outlook for the nations Economy remains healthy for this year and 1995, partly because of Clinton a ability to achieve congressional approval of a budget plan that would reduce the Federal deficit. Clinton also May discuss a coordinated policy by the seven major Industrial nations when the so called group of seven economic Summit convenes in Naples Italy next month. Some financial analysts said however that the administration needed to give More emphatic signals that it will not tolerate speculators attacks on the dollars value Aiter what appeared to be Treasury acceptance earlier this year of a gradual weakening of the Greenback in currency markets. A this administration has been halfhearted and poorly timed a said Allen Sinai an economist with Lehman Brothers. Henry Kaufman another Well known Wall Street analyst said of the falling Dollar a someone has to speak out now and say we will not tolerate  other analysts said they believe that the Federal reserves policy making open Market committee would have Little Choice but to increase interest rates for the fifth time this year at its scheduled july 5-6 meeting. Jack Kemp the former Secretary of housing and Urban development and a possible Republican presidential contender in 1996, rejected such a course on the Abc program. A it Hasni to worked a Kemp said a we should be targeting that which is the Best Harbinger Over time of inflation which is the Dollar Price of  if that were done Kemp added Lon term interest rates would be coming Down. Rubin declined to discuss Federal Reserve policy or speculation in Wall Street that Clinton will seek to coordinate interest rate policy with other major Industrial nations at the Naples Summit. I tourists in the Wallet by Marjorie Miller los Angeles times saddled with dollars Worth less than when they started their trips abroad american tourists around the Globe grumbled and tightened their belts a but also expressed Hope that their Money would soon recover its lost value. Some tourists in Europe and Japan said they were giving up fancy meals for Mcdonald scabs for subways and guided Tours for guidebooks. A few tourists cancelled Side trips out of the capitals. On monday the . Dollar tumbled to its first postwar Era close below 100 yen in Tokyo prompting Calls in Japan for stronger action by the Central Bank to halt the yen s climb. The Strong yen and the trouble it brings for japanese exporters discouraged buying on the Tokyo Stock Exchange where prices plunged 2.24 percent. The Dollar closed at 99.93 yen Down 0,47 yen from its Tokyo finish Friday and below its 100.45 yen at the end of last wee so in new York. A a it a dramatically expensive. Breath taking a said Lynnar Brock jr., 60, a tourist in Tokyo from Newtown Square a. A horrendous a added his wife Clau die. A for breakfast this morning wre spent $30. And that Only buys Toast and  tourism Industry leaders say that it was too soon to Tell whether the depreciation of the Dollar would have a dramatic Impact on americans travel. Most Long distance vacations Are planned and paid for far in Advance and a spot Check of hotels in Paris and Rome showed no trend toward cancellations by americans. Pc paid Tours and cheap air fares have taken some of the sting out of the declining Dollar said travel agent Kathy Traynor in Monrovia a los Angeles suburb. Round trip tickets to Europe for example sell for less than $600 through airline ticket wholesalers and hotels Are still offering discounts. A you can do Europe almost More cheaply than you can do a United Stales Lour package a Traynor said still americans who managed to change Money before the Dollar fell Felt like winners. Outside a cafe near Paris Madeleine Church California liquor importer Sidney Frank said he and his wife had just paid $35 for two coffees a pair of croissants and an evian water. But the 74-year-old was sitting pretty in his plaid jacket and Bow tie. A luckily i bought enough a Marks to last for 18 months a few months ago a Frank said. A if i bought them today it would have Cost me at least $1.5 million  in Tokyo however Many americans could not afford to take the news so Well. After paying $20 for a Ham and cheese Sandwich 3q-year-old Nasa Engineer Doug Govan of Cocoa Beach fla., decided against a trip out of Tokyo to Kyoto. A i was caught a Little off guard. I was expecting 110 yen for the Dollar or better. When i got off at the Airport it was 98 yen a Govan said. At his hotel he was Able to get 100 yen per Dollar for traveler a checks. A a it a 3 learning experience a Govan said