Administration of the Patrimony of the Holy See

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Administration of the Patrimony of the Holy See (Italian: Amministrazione per il Patrimonio della Santa Sede, abbreviated APSA) is a sub-office of the Prefecture for the Economic Affairs of the Holy See, created in 1967 by the merger of the Administration of the Assets of the Holy See and the Special Administration of the Holy See by Pope Paul VI.[1]

After World War II, the APSA, rather than the Vatican Bank, was recognized by the International Monetary Fund as the central bank of Vatican City.[2]

[edit] References

  • Pollard, John F. (2005). Money and the Rise of the Modern Papacy: Financing the Vatican, 1850–1950. Cambridge University Press.

[edit] Notes

  1. ^ Phillipe Levillain. 2002. The Papacy: An Encyclopedia. p. 10.
  2. ^ Pollard, 2005, p. 200.
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