https://www.catholicnewsagency.com/news ... by-sept-30
Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30
Rome Newsroom, Aug 23, 2022 / 05:51 am
Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.
The pope’s rescript, issued Aug. 23, clarifies the interpretation of a paragraph in the new constitution of the Roman Curia, Praedicate Evangelium, promulgated in March.
According to Francis’ rescript, financial and liquid assets held in banks other than the IOR must be moved to the Vatican bank within 30 days of Sept. 1, 2022.
The IOR, based in Vatican City State, has 110 employees and 14,519 clients. As of 2021, it looked after 5.2 billion euros ($5.6 billion) of client assets.
It's going down in OCTOBER...................
- harddriver
- Grand Poobah
- Posts: 5310
- Joined: Mon Jul 05, 2021 5:03 pm
- Has thanked: 588 times
- Been thanked: 1761 times
- harddriver
- Grand Poobah
- Posts: 5310
- Joined: Mon Jul 05, 2021 5:03 pm
- Has thanked: 588 times
- Been thanked: 1761 times
Who is online
Users browsing this forum: No registered users and 6 guests