Regulations easing the restrictions on the export of funds from Germany, thus facilitating the emigration of German Jews; were revealed today by the Reichstelle Devisen Wirtschaft Amt, the Bureau of Financial Affairs. While the order is not limited in application to Jews alone, it is apparently intended to facilitate matters for Jews leaving the Reich.
The new regulations were disclosed in a circular issued by the bureau, numbered 8-1934 and dated February 2. It provides that “non-Aryans’ availing themselves of the measures provided under the new regulations may not return to Germany. “Aryans,” however, who leave the country taking funds with them under these regulations, will be permitted to enter negotiations with the government for permission to return.
The removal of funds from the country is to proceed in a manner similar to the payment of interest to Germany’s long-term creditors through “blocked” accounts.
According to the regulations effected today, Jews who desire to leave Germany taking their capital with them, may do so at a cost of 26 per cent of their total capital for export if they wish to take their capital with them in the form of cash. Hitherto, emigrants, under Germany’s currency embargo, were permitted to take but 10.000 marks with them. The remainder of their funds had to be exported in the form of German merchandise.
From today on, they will be allowed to take their entire capital with them if they are willing to transfer it with the 26 per cent loss, through ## Discount Bank. They will be paid in cash or even in foreign currency by the bank.
The provision that emigrants to Palestine may take 1.000 pounds (approximately $5.000), the amount specified by the Palestine government as necessary to admit its possessor into the country under the capitalist (unrestricted entry) qualification, is not affected by the new regulations.
Emigrants from Germany to the Holy Land, however, who wish to take with them more than the pound1.000 in cash, must lose 26 per cent of the excess unless that excess is taken in merchandise under the “three million mark agreement” through which German Jewish emigrants to Palestine are permitted to take their capital with them in the form of German wares.
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.
