Economy Of Vatican City
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Economy Of Vatican City
The economy of Vatican City is supported financially by the sale of stamps, coins, medals, and tourist mementos as well as fees for admission to museums and publication sales. Vatican City employed 4,822 people in 2016. Vatican City issues its own coins and stamps. It has used the euro as its currency since 1 January 1999, owing to a special agreement with the European Union (council decision 1999/98). Euro coins and notes were introduced on 1 January 2002—the Vatican does not issue euro banknotes. Issuance of euro-denominated coins is strictly limited by treaty, though somewhat more than usual is allowed in a year in which there is a change in the papacy. Because of their rarity, Vatican euro coins are highly sought by collectors. Key statistics ;Budget: *''revenues:'' $315 million ''(2013)'' *''expenditures:'' $348 million ''(2013)'' ;Industries: Printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities.'''' ;Ele ...
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Pope Benedict XVI
Pope Benedict XVI ( la, Benedictus XVI; it, Benedetto XVI; german: link=no, Benedikt XVI.; born Joseph Aloisius Ratzinger, , on 16 April 1927) is a retired prelate of the Catholic church who served as the head of the Church and the sovereign of the Vatican City State from 19 April 2005 until his resignation on 28 February 2013. Benedict's election as pope occurred in the 2005 papal conclave that followed the death of Pope John Paul II. Benedict has chosen to be known by the title "pope emeritus" upon his resignation. Ordained as a priest in 1951 in his native Bavaria, Ratzinger embarked on an academic career and established himself as a highly regarded theologian by the late 1950s. He was appointed a full professor in 1958 at the age of 31. After a long career as a professor of theology at several German universities, he was appointed Archbishop of Munich and Freising and created a cardinal by Pope Paul VI in 1977, an unusual promotion for someone with little pastoral expe ...
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Vatican City
Vatican City (), officially the Vatican City State ( it, Stato della Città del Vaticano; la, Status Civitatis Vaticanae),—' * german: Vatikanstadt, cf. '—' (in Austria: ') * pl, Miasto Watykańskie, cf. '—' * pt, Cidade do Vaticano—' * es, Ciudad del Vaticano—' is an independent city-state, microstate and enclave and exclave, enclave within Rome, Italy. Also known as The Vatican, the state became independent from Italy in 1929 with the Lateran Treaty, and it is a distinct territory under "full ownership, exclusive dominion, and sovereign authority and jurisdiction" of the Holy See, itself a Sovereignty, sovereign entity of international law, which maintains the city state's Temporal power of the Holy See, temporal, Foreign relations of the Holy See, diplomatic, and spiritual Legal status of the Holy See, independence. With an area of and a 2019 population of about 453, it is the smallest state in the world both by area and List of countries and dependencies ...
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Index Of Vatican City-related Articles
Index (or its plural form indices) may refer to: Arts, entertainment, and media Fictional entities * Index (''A Certain Magical Index''), a character in the light novel series ''A Certain Magical Index'' * The Index, an item on a Halo megastructure in the ''Halo'' series of video games Periodicals and news portals * ''Index Magazine'', a publication for art and culture * Index.hr, a Croatian online newspaper * index.hu, a Hungarian-language news and community portal * ''The Index'' (Kalamazoo College), a student newspaper * ''The Index'', an 1860s European propaganda journal created by Henry Hotze to support the Confederate States of America * ''Truman State University Index'', a student newspaper Other arts, entertainment and media * The Index (band) * ''Indexed'', a Web cartoon by Jessica Hagy * ''Index'', album by Ana Mena Business enterprises and events * Index (retailer), a former UK catalogue retailer * INDEX, a market research fair in Lucknow, India * Index Corpora ...
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Secretariat For The Economy
The Secretariat for the Economy ( it, Segreteria per l'economia) is a dicastery of the Roman Curia with authority over all economic activities of the Holy See and the Vatican City State. Description Pope Francis established the secretariat in a ''motu proprio'', ''Fidelis dispensator et prudens'', published on 24 February 2014. It is headed by a prefect–originally a cardinal–who reports directly to the Pope. It is, after the Secretariat of State, the second dicastery named a ''secretariat'', an indication of its importance relative to other parts of the Curia. The seat of the secretariat is in Saint John's Tower in the Vatican Gardens. Cardinal George Pell, Archbishop of Sydney, was named the secretariat's first Prefect and "asked to start work as soon as possible". Pell said he would begin work at the Vatican "by the end of March." The Pope also announced the formation of a ''Council for the Economy'' to set policy guidelines for the secretariat and analyze its work. T ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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Solar PV
A photovoltaic system, also PV system or solar power system, is an electric power system designed to supply usable solar power by means of photovoltaics. It consists of an arrangement of several components, including solar panels to absorb and convert sunlight into electricity, a solar inverter to convert the output from direct to alternating current, as well as mounting, cabling, and other electrical accessories to set up a working system. It may also use a solar tracking system to improve the system's overall performance and include an integrated battery. PV systems convert light directly into electricity, and are not to be confused with other solar technologies, such as concentrated solar power or solar thermal, used for heating and cooling. A solar array only encompasses the ensemble of solar panels, the visible part of the PV system, and does not include all the other hardware, often summarized as balance of system (BOS). PV systems range from small, rooftop-mounted or ...
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Vatican Euro Coins
Vatican euro coins are issued by the Philatelic and Numismatic Office of the Vatican City State and minted by Istituto Poligrafico e Zecca dello Stato (IPZS), in Rome, Italy. The euro is the official currency of the Vatican City, although Vatican City is not a member of the Eurozone or the European Union. Vatican euro design For images of the common side and a detailed description of the coins, see euro coins. First series (2002–2005) The initial series of Vatican euro coins featured an effigy of Pope John Paul II. They were issued only in collector sets and bore an extreme markup with the 2002 collector set costing well over a thousand euro. Second series (2005) Following the death of Pope John Paul II in April 2005, Vatican City issued special coins during the period of Sede vacante depicting the emblem of the Apostolic Chamber (i.e. two crossed keys beneath an umbraculum, or umbrella) and the coat of arms of the Camerlengo of the Holy Roman Church, at the time Cardinal E ...
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Euro Banknotes
Banknotes of the euro, the common currency of the Eurozone (euro area members), have been in circulation since the first series (also called ''ES1'') was issued in 2002. They are issued by the national central banks of the Eurosystem or the European Central Bank. The euro was established in 1999, but "for the first three years it was an invisible currency, used for accounting purposes only, e.g. in electronic payments". In 2002, notes and coins began to circulate. The euro rapidly took over from the former national currencies and slowly expanded around the European Union. Denominations of the notes range from €5 to €500 and, unlike euro coins, the design is identical across the whole of the Eurozone, although they are issued and printed in various member states. The euro banknotes are pure cotton fibre, which improves their durability as well as giving the banknotes a distinctive feel. They measure from to and have a variety of color schemes. The euro notes contain many c ...
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Vatican ATM In Latin
Vatican may refer to: Vatican City, the city-state ruled by the pope in Rome, including St. Peter's Basilica, Sistine Chapel, Vatican Museum The Holy See * The Holy See, the governing body of the Catholic Church and sovereign entity recognized by international law, consisting of the pope and the Roman Curia * A metonym for the governance of the Catholic Church, particularly when attributing doctrine * Roman Curia, the administrative apparatus of the Holy See * Vatican Library, of the Roman Curia. * Vatican Apostolic Archive, which were separated from the Vatican Library in the 17th century * Vatican Publishing House, the publisher of official documents of the Holy See, separated from the Vatican Library in 1926 Vatican City * Vatican City, the city-state ruled by the pope in Rome, including St. Peter's Basilica, Sistine Chapel, Vatican Museums * Apostolic Palace, the official residence of the pope on the Vatican Hill, sometimes called the Vatican Palace * St. Peter's Basilica, ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Financial Service
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financial s ...
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