Haavara Agreement

The Haavara Agreement (Hebrew: הסכם העברה Translit.: heskem haavara Translated: "transfer agreement") was an agreement between Nazi Germany and Zionist German Jews signed on 25 August 1933. The agreement was finalized after three months of talks by the Zionist Federation of Germany, the Anglo-Palestine Bank (under the directive of the Jewish Agency) and the economic authorities of Nazi Germany. It was a major factor in making possible the migration of approximately 60,000 German Jews to Palestine in 1933–1939.

The agreement was designed to enable Jews fleeing antisemitic persecution under the new Nazi regime to transfer some portion of their assets to their refuge in British Mandatory Palestine.

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