The World - News from May 4, 1988
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Panama’s banks, closed for two months by a U.S.-engineered cash freeze aimed at ousting military strongman Manuel A. Noriega, will be ordered to reopen on Monday for cash withdrawals, state-run television said. The measure was another step in Noriega’s strategy to fight back against U.S. pressure, but economists said some smaller banks do not have enough cash and fear they could go out of business if forced to reopen.
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