Political implications of the issue of blocked accounts generated Internal commotion within Israel and the Arab States. In the latter the question threw open the whole issue of recognition of Israel and once again emphasized the violent psychological reactions to any step which might involve official ac. knowledgment of the new States de facto existence. It was claimed that release of the accounts would help to improve the living conditions of the Arab refugee. However. its significance in relation to the overall social and economic situation of the approximately 850.000 refugees is illustrated by the following figures: (1) The total number of the frozen accounts was approximately 6.500. of which 450 belonged to Jews who were in Arab countries at the time of the issuance of the freezing order. (2) The total value of the accounts was around fP4 million. of which approximately fP500.000 were unfrozen outside the U. N. scheme. (3) More than half of the accounts were less than �P100. Only 1.200 accounts were over EP500.
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refugee refugees