Nazi gold (German: Raubgold, "stolen gold") is the gold transferred by Nazi Germany to overseas banks during World War II. The regime executed a policy of looting the assets of its victims to finance the war, collecting the looted assets in central depositories. The occasional transfer of gold in return for currency took place in collusion with many individual collaborative institutions. The precise identities of those institutions, as well as the exact extent of the transactions, remain unclear.