Thursday, May 5, 2011

The Business of the Vatican


The Vatican City State, which employs nearly 2000 people, ran a deficit in 2008 of over 15 million euros, but in 2007 had a surplus of 6.7 million euros.

The Vatican's income consists of the following:
  • Donations from Roman Catholics around the world, called Peter's Pence,
  • The sale of postage stamps and tourist mementos,
  • Fees for admission to museums,
  • and the sale of publications.
The Vatican also holds its own bank, the Istituto per le Opere di Religione.  This bank conducts worldwide financial activities and has the only ATM in the world with instructions in Latin.

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