Ha’avara Agreement

Nazi Germany and the Jewish Agency concluded the “Ha’avara” (transfer) negotiations, allowing Jews immigrating to Palestine to deposit part of their assets in Germany and receive Palestine pounds upon arrival in Palestine. After three months of talks, the Zionist Federation of Germany, the Anglo-Palestine Bank, and the German economic authorities signed the agreement, which permitted the transfer of Jews’ capital from Germany to Palestine by immigrants or investors in the form of goods. The German authorities thereby partially removed a

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