Yeltsin fires finance minister and targets central bank chief
In Moscow President Boris Yeltsin dismissed Finance Minister Sergei Dubinin and urged Parliament to remove Central Bank Chairman Viktor Gerashchenko after the ruble’s 27 percent plunge on Black Tuesday. The bank stepped in with a nearly $90 million bailout as the ruble recovered 4.8 percent on the Moscow interbank market.
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Moscow
Russia
Boris Yeltsin
Sergei Dubinin
Viktor Gerashchenko
Moscow Interbank Currency Exchange
Kazakhstan parliament approves new prime minister
Kazakhstan's parliament approved a new prime minister after the government resigned amid economic turmoil. Akezhan Kazhegeldin will replace Sergei Tereshchenko as the cabinet faced inefficiency and mismanagement amid a fiscal crisis and soaring inflation under President Nursultan Nazarbayev.
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Almaty
Kazakhstan
Parlliament
Akezhan Kazhegeldin
Sergei Tereshchenko
Interfax
Nursultan Nazarbayev
Israeli Soldier Kidnapped by Hamas Pleads for Release
A frightened 19 year old Israeli soldier Nachshon Waxman, seized by Hamas, appeared on a tape urging Israel to free 200 Palestinian prisoners by Friday or he would be killed. Waxman, a dual American Israeli citizen, was abducted while hitchhiking in central Israel. Police and government officials blamed Yasser Arafat for his safety and warned of stalled talks on Palestinian self rule.
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Jerusalem
Israel
Nachshon Waxman
Hamas
Middle East
Waxman
Yasser Arafat
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