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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 barrier that had greatly impeded the efforts of
German Jews to emigrate to Palestine and, at the same time,
increased the production and export of German goods. For the
Zionists, the agreement facilitated immigration to Palestine by
allowing Jewish emigres to salvage some of the value of their
property as they left, and to meet one of the criteria for obtaining
a certificate of immigration from the British authorities. For a
time, the Ha'avara Agreement helped the Nazis in undermining the
anti-Nazi boycott. |
