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Yidgescom Explains Transfer Charges

January 9, 1923
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“The All Russian Jewish Public Committee (Yidgescom), which undertakes the transfer of money through its Berlin office, charges 10% for such transfer”, is the official statement of the Yidgescom in reply to the Jewish Telegraphic Agency Correspondent’s assertion that money could be transferred more cheaply. “This 10% include, firstly, expenses of the Yidgescom in forwarding the money from Berlin and of its delivery to the addressee located mostly in towns of White Russia and Uknainia; secondly, for payment of the general Jewish relief work; thirdly to cover the special charge which the Government bank of Soviet Russia makes for paying out dollars. Money transferred through the Yidgescom is everywhere paid out in dollars, the time required for such transfer being from six to eight weeks.”

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