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The economy of Vatican City is mainly supported financially by the sale of stamps, coins, medals, and tourist mementos as well as fees for admission to museums and publication sales. Vatican City employed 4,822 people in 2016.
In July 2013, the Holy See's Financial Intelligence Authority (AIF), charged with monitoring the monetary and commercial activities of Vatican agencies, was admitted as a full member of the Egmont Group, an international network of financial intelligence units. [76] [77] On 1 October 2013, the IOR published its first ever annual report. [78]
Pope Francis called on the world's Catholic cardinals, many of whom live in Rome and lead Vatican offices, to pursue a "zero deficit" agenda to improve the Vatican's use of its economic assets.
The Supervisory and Financial Information Authority (Autorità di Supervisione e Informazione Finanziaria, or ASIF) is the central institution in the Holy See and Vatican City State that is responsible for the prevention and countering of money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction ...
The Vatican on Friday reported that a key charitable fund, Peter's Pence, doubled its income in 2022 to 107 million euros, or more than $166 million, even as donations from the faithful dipped ...
Vatican Media owns a library of more than 10,000 recordings, amounting to 4,000 hours of recordings and images of Pope John Paul II's reign since 1984. This library is open to foreign television channels and documentary producers from throughout the world. The Vatican Media Center is open Monday to Saturday from 9 a.m. to 1 p.m.
A cardinal who allegedly induced an underling to lie to prosecutors. Brokers and lawyers who pulled a fast one over the Vatican No. 2 to get him to approve a disastrous real estate deal. A self ...
Rothschild loans to the Holy See refers to a series of major financial loans arranged between the Rothschild family and the Holy See of the Catholic Church. The first loan, which occurred in 1832, took place in the aftermath of the Napoleonic Wars during the pontificate of Pope Gregory XVI (involving James Mayer de Rothschild and Carl Mayer von ...