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Report $500,000 Withdrawn from Polish Bank in Tel Aviv

May 7, 1936
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It was estimated today that $500,000 has been withdrawn from the Polska Kasa Opieki, semi-official Polish bank, in the last few days as a result of Poland’s new currency laws, which forbid export of gold or foreign exchange.

Newspapers report that Palestine Jews thus far have suffered a loss of approximately $600,000 because of the reduced exchange rates. The restriction on export of foreign exchange, they point out, is making it impossible for Polish Jews in the future to meet real estate and other obligations in Palestine.

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