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By Peter ODwyer, Church Militant, August 25, 2022
Pope orders shift of assets into Vatican bank
VATICAN CITY (ChurchMilitant.com) – Pope Francis has ordered all Vatican institutions to transfer their moveable accounts to the Institute for Religious Works, also known as the Vatican bank, in an Aug. 23 rescript.
Monday’s order calls for transfers to happen immediately, with a Sept. 30 deadline. The rescript has the potential to shift almost all of the Vatican’s finances to the only major financial institution in the Vatican under international regulatory oversight. This would precipitate a sea change in Church leaders’ battle to bring financial transparency to the Vatican. …
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