Institute for Works of Religion (IOR) - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Thu, 25 Aug 2022 13:31:57 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Institute for Works of Religion (IOR) - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Vatican entities to move all funds to Vatican https://cathnews.co.nz/2022/08/25/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30/ Thu, 25 Aug 2022 07:55:44 +0000 https://cathnews.co.nz/?p=150972 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 on 23 August, clarifies the interpretation of a paragraph in the new constitution of the Roman Curia, Praedicate Evangelium, promulgated in March. Read more

Vatican entities to move all funds to Vatican... Read more]]> 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 on 23 August, 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 1 September, 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 (NZD 8.3 billion) of client assets.

Read More

Vatican entities to move all funds to Vatican]]> 150972