The Jewish Agency office here hailed the new government regulations easing the transfer of currency abroad by emigrants as a boon to Jews desiring to settle in Israel. The Agency said that the move will enable the majority of potential immigrants from Britain to Israel to take all their savings and capital with them.
The new regulations, announced last night, permit emigrants to take with them a maximum of 5,000 pounds sterling when they leave for settlement in countries outside the sterling bloc. Previously, emigrants were permitted to transfer abroad a maximum of 2,000 pounds per family in installments stretching over a period of four years.
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