Tripartite Gold Commission

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The Tripartite Commission for the Restitution of Monetary Gold, in short: Tripartite Gold Commission (TGC) was an institution of the three victorious states United Kingdom , France and United States in Brussels , which was founded in September 1946 and charged with the task of kidnapping or robbing by the German Reich To return monetary gold (approx. 337 tons) to the countries of origin.

Not only the gold found in Germany (such as in Merkers , at Reichsbank branches or in the gold train from Hungary), but above all restitutions from the neutral countries, which recorded inflows as trading partners of the Reich during the war. These restitutions negotiated with the Commission comprised part of the payments made. The name could be translated as the three-country commission for the refund of currencies in gold .

Until 1948 agreements were concluded with Switzerland , Sweden and Spain in which they agreed to return very substantial amounts. The 1946 Washington Agreement with Switzerland for US $ 58.1 million is an example of this. In return, these states, their banks and companies were allowed to enter the binational or international market again, and credit blocked in the USA was released. No treaty was reached with Portugal or Romania during the negotiations.

In 1947 , the state banks of the Netherlands , France and Austria received global reimbursements of around 65% of their losses recognized in the negotiations from the total volume of available looted money or bars . Refunds to Belgium , Greece , Italy and Luxembourg followed . The claims of the Eastern European states ( Czechoslovakia , Poland and Yugoslavia ) were not recognized until the 1970s and 1980s, and in 1996 Albania was the last country to receive back part of the gold it was entitled to (worth around US $ 60 million).

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