WHAT DOES THE VATICAN KNOW?? POPE FRANCIS MOVES ALL FUNDS TO VATICAN BANK | MYSTERY BABYLON

Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30
The Institute for Religious Works or the Vatican Bank as it is commonly known June 28 2013 CNA 5 27 15
The Institute for Religious Works, or 'Vatican bank'. (File Photo/CNA).
Hannah Brockhaus
By Hannah Brockhaus

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.

Though commonly called a “bank,” the IOR is technically a financial institute, with no branches, working within Vatican City State to provide services to clients, which include the Holy See and connected entities, religious orders, clergy, Catholic institutions, and Holy See employees.

Links: https://www.catholicnewsagency.com/news/252093/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30

Source: Mis Inspirit
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