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The bank came to be known as the "priests' bank"; one chairman was Franco Ratti, nephew to Pope Pius XI. In the 1960s, the bank began to expand its business, opening a holding company in Luxembourg in 1963 which came to be known as Banco Ambrosiano Holding. This was under the direction of Carlo Canesi, then a senior manager, and from 1965 chairman.
The Institute for the Works of Religion (Italian: Istituto per le Opere di Religione; Latin: Institutum pro Operibus Religionis; abbreviated IOR), [4] [5] commonly known as the Vatican Bank, is a financial institution [2] that is situated inside Vatican City and run by a Board of Superintendence, which reports to a Commission of Cardinals and ...
7 January 2021 – Australia's financial watchdog is reviewing calculations for transfers worth US$1.8 billion sent to the country from the Vatican since 2014, after the Vatican and the Australian Church call for clarification. The transfers ranged from yearly totals of A$71.6 million (US$55.2 million) in 2014 to A$581.3 million in 2017, with ...
Christianity was first introduced to Vietnam in the 16th century. [1] Christians represent a significant minority in Vietnam: Catholics and Protestants were reported to compose 7% and 2% of the country's population respectively in 2020. However, the real number of Christian in Vietnam is 10% to 12%.
The Pope would again meet Vietnamese leader Trần Đại Quang and his associates in Vatican in 2016. [66] Vietnam remains as the only Asian communist country to have an unofficial representative of the Vatican in the country and has held official to unofficial meetings with the Vatican's representatives both in Vietnam and the Holy See ...
Vietnam broke relations with the Vatican after the communists took over the reunited country at the end of the Vietnam War in 1975. At the time, the authorities viewed the Catholic Church in ...
The Pope would again meet Vietnamese leader Trần Đại Quang and his associates in the Vatican in 2016. [19] Vietnam remains the only Asian communist country to have an unofficial representative of the Vatican in the country and has held both official and unofficial meetings with the Vatican's representatives both in Vietnam and the Holy See ...
For Vietnam, the 21st-century appointees of the Holy See have been given the title "pontifical representative". [ a ] In keeping with the "one China" policy, no representative is appointed for mainland China , and the Holy See is represented in Taipei by an apostolic nunciature, headed not by a nuncio, but only by a chargé d'affaires .