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German Central Bank to Resume Payments to Israeli Residents

February 17, 1954
See Original Daily Bulletin From This Date

The German Central Bank today acceded to protests from the Israel Purchasing Mission in Cologne and agreed to resume the payment of monthly pensions and monthly allowances on compensation and indemnification claims to Israeli residents to whom these accounts are payable.

The transfer of these funds–which are limited to the monthly equivalent of $119–was halted some weeks ago “for technical reasons.” The mission, which acts in some ways as a diplomatic mission as well as a purchasing unit, was not informed of the payments stoppage.

Last week, Dr. Felix Shinnar, head of the mission, promised a delegation of Israelis that the mission would do its best to protect their rights and interests in relation to claims for individual restitution or indemnification.

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