German banks will make millions of dollars as a result of exchange rates from the transfer of funds to pay Holocaust-era slave and forced laborers, German officials acknowledged. The officials made the comment after the Polish-German Reconciliation Foundation, which will distribute payments to former laborers in Poland, charged that Germany had set an artificially low exchange rate for the $788 million earmarked for Poland.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
