The United States Court of Restitution Appeals at Nuremberg has ruled that citizens of the State of Israel will be granted an exchange rate of one reichsmark to one deutschemark in all restitution claims involving mortgages, the United States High Commission disclosed today.
The court held that as Israel was a former British mandated territory and had been administered by a member of the United Nations, it was to be considered as a member of that group of the United Nations which is covered by Allied laws in all matters with respect to currency conversion, restitution and the securing of claims. The deutshemark is the currency of the West German Republic. The reichsmark was the currency of the German Reich.
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