© Stadsarchief Amsterdam / J. van Dijk
Lippmann, Rosenthal & Co. opens on the Sarphatistraat
Lippmann, Rosenthal & Co., Sarphatistraat opens on 8 August 1941. It has the same name as the prestigious bank, but it is not really a bank at all. Its name is shortened to the Liro.
From now on it is compulsory for Jews and Jewish institutions to register their financial possessions such as money and shares and to deposit them with the Liro. They are not allowed to have bank accounts with other banks. In September all Jewish land must be registered. In November Jews are no longer allowed on the stock exchange.
From January 1942 Jewish shares are sold on the stock exchange, the proceeds are not for the benefit of their owners but for the Liro. This money goes towards paying for the deportation of the Jews - for the trams and trains.
The dispossession of the Jews
The Nazi occupier weakens the position of the Jews by taking away their work, money and possessions. Early on Jews are no longer able to own their own businesses, work for non-Jews or have bank accounts. After the deportations their houses are emptied of their possessions.
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