Ha'avara Agreement

Ha'avara Agreement

The Ha'avara Agreement was signed on 1933-08-25 after three months of talks by the Zionist Federation of Germany, the Anglo-Palestine Bank, and the German economic authorities. It allowed German Jews emigrating to Palestine to put their money in special bank accounts which could then be used to buy German goods. This allowed the emigrants to keep most of their property and Germany to partially overcome the anti-Nazi boycott. [ [http://www1.yadvashem.org/about_holocaust/chronology/1933-1938/1933/chronology_1933_18.html August 25: Ha'avara Agreement] , Chronology of the Holocaust] The main proponent of the Ha'avara Agreement was Haim Arlosoroff.

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