{"id":40723,"date":"2022-08-29T21:49:48","date_gmt":"2022-08-29T11:49:48","guid":{"rendered":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=40723"},"modified":"2022-08-29T21:49:48","modified_gmt":"2022-08-29T11:49:48","slug":"pope-instructs-that-all-funds-be-moved-to-vatican-bank-by-september-30","status":"publish","type":"post","link":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=40723","title":{"rendered":"Pope instructs that all funds be moved to Vatican bank by September 30"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-40724\" src=\"http:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2022\/08\/Vatican_Bank-300x200.png\" alt=\"Vatican Bank\" width=\"635\" height=\"423\" srcset=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2022\/08\/Vatican_Bank-300x200.png 300w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2022\/08\/Vatican_Bank.png 669w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/><\/p>\n<div class=\"content\">\n<p>(Tom: We could look back on this and laugh at how it was irrelevant in the overall scheme of things or we could look back on it and say, &#8220;Now THAT was a clue as to the timing of the Great Rest.&#8221; There are probably many of these incidents that you would have to be in the know to be able to correctly estimate their relative importance. Time will tell.)<\/p>\n<p>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.<\/p>\n<p>The pope\u2019s\u00a0<a href=\"https:\/\/www.vatican.va\/content\/francesco\/it\/events\/event.dir.html\/content\/vaticanevents\/it\/2022\/8\/23\/rescriptum.html\">rescript<\/a>, issued Aug. 23, clarifies the interpretation of a paragraph in the new constitution of the Roman Curia,\u00a0<em>Praedicate Evangelium<\/em>, promulgated in March.<\/p>\n<p>According to Francis\u2019 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.<\/p>\n<p>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.<\/p>\n<\/div>\n<p><em>For the rest of this article please go to source link below.<\/em><\/p>\n<p><a href=\"https:\/\/www.catholicnewsagency.com\/news\/252093\/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30\">https:\/\/www.catholicnewsagency.com\/news\/252093\/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Tom: We could look back on this and laugh at how it was irrelevant in the overall scheme of things or we could look back on it and say, &#8220;Now THAT was a clue as to the timing of the Great Rest.&#8221; There are probably many of these incidents that you would have to be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=40723\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pope instructs that all funds be moved to Vatican bank by September 30&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,10],"tags":[],"class_list":["post-40723","post","type-post","status-publish","format-standard","hentry","category-general-interest","category-wealth-tips"],"_links":{"self":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/40723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40723"}],"version-history":[{"count":1,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/40723\/revisions"}],"predecessor-version":[{"id":40725,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/40723\/revisions\/40725"}],"wp:attachment":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}