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Panama / Noriega / Banking #320514

CBS Evening News for Friday, Mar 04, 1988
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(Studio: Dan Rather) Econ. conds. in Panama discussed. Reports introd.

(Panama City, Panama: Richard Roth) Paychecks and credit cards reported worthless in Panama; details given, scenes shown. [MAN - comments on situation.] Panama noted unable to meet dollar shortage with reserves in US because all Panamanian assets frozen. [WOMAN - criticizes United States for actions.] Panamanian officials shown attempting to confiscate dollars from merchants. [Opposition leader Roberto BRENES - says has no money with which to pay empls.] [MAN - says people may revolt against Panamanian military] Major of Panamanians noted not supportive of opposition. [WOMAN - (thru translator) says supports general Manuel Antonio Noriega.] Dipl. quoted re: econ. condition's impact upon pols.

(DC: Terence Smith) Reagan administration reported withholding Panama Canal fees. Officials quoted. Admin. noted also urging foreign banks not to loan Noriega money. [State Department spokesperson Phyllis OAKLEY - says travel to Panama should be discouraged.] [Undersecretary of State Michael ARMACOST - comments on possible sanctions against Panama.] Reagan noted drawing bipartisan support re: Noriega issue. [Senator Christopher DODD - says agrees totally with Reagan on Noriega issue.] [Ex-amb. to Panama Ambler MOSS - comments on ousted president Eric Arturo Delvalle.] United States strategy outlined.

(Studio: Dan Rather) Report introduced.

(Studio: Ray Brady) United States economy pressure upon Panamanian general Manuel Antonio Noriega discussed. Noriega noted unable to print more money. [Econ. Guillermo HARTENECK - comments on situation.] Panama Canal revenues being placed in escrow mentioned. Noriega noted supported mostly by those holding government jobs. Support may dwindle if Noriega unable to pay salaries. [Panama specialist Eva LOSER - comments on situation.] Noriega not expected to close canal. Japan mentioned supporting Noriega government; Japanese trade through canal illustration Banker quoted with regard to drug dealers loaning Noriega money.

(Studio: Dan Rather, Ray Brady) Implications of Noriega issue discussed.

Reporter(s):
Brady, Ray;
Rather, Dan;
Roth, Richard;
Smith, Terence
Duration:
00:05:30

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