Transfer ( Haavarah ) Agreement 
 The Haavarah agreement was signed on 7 August 1935, between the leadership of the Zionist movement and the German Ministry of Economics. The agreement established a regime in which Jews who wished to emigrate to Palestine could take some of their property with them under special conditions. It also permitted the German government to curtail the outflow of foreign currency. In this arrangement, prospective Jewish emigrants deposited their money in a trust account in Germany. These Reichsmarks were used to pay German exporters for goods exported to Palestine. The importers in Palestine who purchased the goods deposited Palestine pounds into a trust account there, from which the Jews received the proceeds of their deposits after they emigrated. Practically speaking, this made emigration dependent on the export of German goods. The arrangement eventually became problematic because exports to Palestine did not keep up with the pace of Jews who wished to emigrate from Germany.