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NEWS
September 25, 1990 | MARK FINEMAN, TIMES STAFF WRITER
In a move designed to further demoralize Kuwait and strengthen Iraq's hold on the occupied country, Iraqi authorities in Kuwait on Monday began enforcing a strict new order that outlaws Kuwait's national currency. The order, announced by Iraq's economic commission in Baghdad, says Kuwaiti dinars must be exchanged for Iraqi dinars by Oct. 6, at the exchange rate of 1 to 1. Kuwaiti currency will be worthless. Before Iraq's Aug.
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NEWS
March 26, 1991 | From Times Wire Services
Kurdish rebels in northern Iraq, claiming further gains against President Saddam Hussein's forces, said the government launched a wave of air attacks Monday on rebel-held cities. The Patriotic Union of Kurdistan said the early-morning raids could mark a new stage in Hussein's bid to crush postwar revolt after his defeat in Kuwait.
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NEWS
March 26, 1991 | From Times Wire Services
Kurdish rebels in northern Iraq, claiming further gains against President Saddam Hussein's forces, said the government launched a wave of air attacks Monday on rebel-held cities. The Patriotic Union of Kurdistan said the early-morning raids could mark a new stage in Hussein's bid to crush postwar revolt after his defeat in Kuwait.
NEWS
March 25, 1991 | DAVID FREED, TIMES STAFF WRITER
It was business as unusual Sunday at the Alahli Bank of Kuwait. Soldiers nervously cradled AK-47s at the door while normally serene managers dressed in spotless dishdashas scurried from one teller's station to the next. Outside, under the giant oil-fire cloud, those who had come to deposit and withdraw funds waited not-so-patiently in a line that snaked around the corner of the gleaming high-rise building. "A new start," beamed a ranking bank officer, surveying the scene.
NEWS
August 4, 1990 | Reuters
Swiss banks are refusing to exchange Kuwaiti dinars, leaving hundreds of Kuwaiti vacationers not only unsure whether to return to a homeland now under Iraqi occupation but also short of money. "We aren't accepting dinars because we don't know where the exchange rate will be established," a spokesman for Union Bank of Switzerland said Friday. Kuwaiti sources said hundreds of rich tourists in exclusive Geneva were now in financial straits.
NEWS
March 2, 1991
Kuwait has CHANGED ITS PASSPORTS AND NATIONAL CURRENCY, the dinar, an envoy of Kuwait's emir said. Rashid Hamoud Sabah spoke to Kuwaiti exiles in the United Arab Emirates city of Ajman. Many of the 400,000 Kuwaitis who fled to other Persian Gulf states are without passports or other identification papers, seized by Iraqi troops, and will be given special cards to ease their return.
NEWS
February 26, 1991 | DAVID LAUTER, TIMES STAFF WRITER
As much as 25% of Kuwait's civilian population may be dead, injured or suffering from such diseases as cholera and dysentery by the time the country is free of Iraqi troops, U.S. Army analysts predict. The analysis, contained in a detailed report prepared by Army civil affairs units to guide allied forces that will occupy Kuwait, paints a picture of a ravaged country whose capital city could be virtually razed if Iraqi defenders put up a fight against allied troops.
NEWS
March 25, 1991 | DAVID FREED, TIMES STAFF WRITER
It was business as unusual Sunday at the Alahli Bank of Kuwait. Soldiers nervously cradled AK-47s at the door while normally serene managers dressed in spotless dishdashas scurried from one teller's station to the next. Outside, under the giant oil-fire cloud, those who had come to deposit and withdraw funds waited not-so-patiently in a line that snaked around the corner of the gleaming high-rise building. "A new start," beamed a ranking bank officer, surveying the scene.
NEWS
March 24, 1991 | From Reuters
Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation. Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless. "We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait.
NEWS
September 24, 1990 | From Times Wire Services
French President Francois Mitterrand today called Iraq a warlike state as world leaders opened a U.N. General Assembly session by condemning Baghdad for its invasion of Kuwait. "How could we not be disgusted by the taking of thousands of hostages?" the French leader asked the General Assembly. Meanwhile, in a significant move to underscore its domination of Kuwait, Iraq today declared the Kuwaiti currency invalid and withdrawn from circulation.
NEWS
March 24, 1991 | From Reuters
Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation. Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless. "We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait.
NEWS
March 2, 1991
Kuwait has CHANGED ITS PASSPORTS AND NATIONAL CURRENCY, the dinar, an envoy of Kuwait's emir said. Rashid Hamoud Sabah spoke to Kuwaiti exiles in the United Arab Emirates city of Ajman. Many of the 400,000 Kuwaitis who fled to other Persian Gulf states are without passports or other identification papers, seized by Iraqi troops, and will be given special cards to ease their return.
NEWS
February 26, 1991 | DAVID LAUTER, TIMES STAFF WRITER
As much as 25% of Kuwait's civilian population may be dead, injured or suffering from such diseases as cholera and dysentery by the time the country is free of Iraqi troops, U.S. Army analysts predict. The analysis, contained in a detailed report prepared by Army civil affairs units to guide allied forces that will occupy Kuwait, paints a picture of a ravaged country whose capital city could be virtually razed if Iraqi defenders put up a fight against allied troops.
NEWS
September 25, 1990 | MARK FINEMAN, TIMES STAFF WRITER
In a move designed to further demoralize Kuwait and strengthen Iraq's hold on the occupied country, Iraqi authorities in Kuwait on Monday began enforcing a strict new order that outlaws Kuwait's national currency. The order, announced by Iraq's economic commission in Baghdad, says Kuwaiti dinars must be exchanged for Iraqi dinars by Oct. 6, at the exchange rate of 1 to 1. Kuwaiti currency will be worthless. Before Iraq's Aug.
NEWS
September 24, 1990 | From Times Wire Services
French President Francois Mitterrand today called Iraq a warlike state as world leaders opened a U.N. General Assembly session by condemning Baghdad for its invasion of Kuwait. "How could we not be disgusted by the taking of thousands of hostages?" the French leader asked the General Assembly. Meanwhile, in a significant move to underscore its domination of Kuwait, Iraq today declared the Kuwaiti currency invalid and withdrawn from circulation.
NEWS
August 4, 1990 | Reuters
Swiss banks are refusing to exchange Kuwaiti dinars, leaving hundreds of Kuwaiti vacationers not only unsure whether to return to a homeland now under Iraqi occupation but also short of money. "We aren't accepting dinars because we don't know where the exchange rate will be established," a spokesman for Union Bank of Switzerland said Friday. Kuwaiti sources said hundreds of rich tourists in exclusive Geneva were now in financial straits.
BUSINESS
August 3, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
The dollar shot up Thursday on news of the Kuwait invasion but dropped back close to Wednesday's levels against other major world currencies in response to further news developments and a growing conviction among economists that higher world oil prices may work against the dollar.
NEWS
August 8, 1990 | From Times Wire Services
Iraq said today it has annexed Kuwait, the emirate it overran six days ago. U.S. troops began arriving to protect Iraq's neighbor, Saudi Arabia, but Arab states balked at joining the U.S. forces. Iraq said its formal takeover of Kuwait--which it described as a merger--came at the request of the provisional government it installed in the emirate last week. A statement announcing the annexation came shortly after President Bush confirmed that U.S.
BUSINESS
August 3, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
The dollar shot up Thursday on news of the Kuwait invasion but dropped back close to Wednesday's levels against other major world currencies in response to further news developments and a growing conviction among economists that higher world oil prices may work against the dollar.
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