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Title : Pope Francis Orders All Church Financial Liquid Assets To Be Transfered To The Vatican Bank By October 1
link : Pope Francis Orders All Church Financial Liquid Assets To Be Transfered To The Vatican Bank By October 1

Pope Francis Orders All Church Financial Liquid Assets To Be Transfered To The Vatican Bank By October 1

Reuters: Pope further tightens controls, centralisation of Vatican finances 

VATICAN CITY — Pope Francis on Tuesday acted to eliminate wiggle room or foot- dragging by Vatican departments in imposing tighter financial controls, setting a deadline for the closing of investment portfolios in foreign banks, including in Italy. 

Francis issued a document known as a “rescriptum,” or re-writing, making clear that all investments by all departments would have to go through the Vatican bank under new rules that come into effect on Sept. 1.

A greater role for the bank is a key plank in a centralisation policy announced last month that strips all Vatican departments of the ability to invest their funds independently.  

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Update #1: Pope imposes deadline for Vatican to transfer assets to bank (AP)  

Update #2: Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30 (CNA)  

WNU Editor: With financial and economic turmoil the new normal in international markets, you have to wonder what does the Vatican know that we do not know?

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