Economy

Hey fellow adventurers! I hope you’re doing okay. 2018 has already had its shares of up and downs even though it has just started. But we’re not here to talk about that! I’m covering Vatican City this month! And today, I wanted to talk a little about the economy of Vatican City! It’s not like any other countries’ economy so hopefully you find this interesting even if you’re not too interested in financial topics (I’m not).

Vatican City is a non-commercial economy that is supported by contributions (AKA Peter’s Pence), as well as the sale of museum admissions, books, postage stamps, and tourist mementos. The Holy See has been having issues with budget deficit the past several years. Most notably was 2013, when their expenditures were $348 million but their revenues were $315 million. But let’s talk about each source of revenue!

Peter’s Pence:

Peter’s Pence is a type of donation that goes directly to the Roman Catholic Church in Vatican City. For those who do donate, they’re not just helping spread the word of the Catholic Church, but also supporting the Pope’s humanitarian projects. Some of his main projects include helping those who are suffering because of war, oppression, natural disaster, and disease. If you want to support the Catholic Church (I’m not asking people to donate, just offering more information for anyone who wants to), you can find out more here: http://www.vatican.va/roman_curia/secretariat_state/obolo_spietro/documents/index_en.htm.

Museum Admissions:

Vatican City has a lot of history, and the museums are a great place to explore that! The Museums include several monumental works of art, such as the Sistine Chapel, the Chapel of Beato Angelico, the Raphael Rooms and Loggia, and the Borgia Apartment. Though I’ve heard that they can also be ridiculously busy so don’t go expecting it to be as empty as your local museum on a normal day.

Books:

The Vatican Publishing House is a publisher established by the Holy See in 1926. According to the publisher’s website, it used to exist as Vatican Press which dates back to April 27, 1587 It publishes official documents of the Roman Catholic Church. If you want to learn more, you can check out the publishing website (I needed Chrome to translate the page for me): http://www.libreriaeditricevaticana.va/content/libreriaeditricevaticana/it.html

Postage stamps:

Vatican City has its own postal service, and their own stamps! And they’ve been a member of the Universal Postal Union since June 1, 1929. If you’re curious, you can check out their newest stamps here: http://www.vaticanstate.va/content/vaticanstate/en/servizi/ufficio-filatelico-e-numismatico/emissioni-filateliche/ultime-emissioni.html

Tourist mementos:

If you visit Vatican City, you will see street carts, small souvenir shops and stores almost everywhere. Every store sell different types of merchandise at different prices. Though if you’re hoping to buy something that has been blessed by the pope, best go to an official shop (sorry, sales people lie in Vatican City too). Plus, I would imagine that the official shops are the ones that collect revenue for the Holy See. I’m only guessing so don’t take that last sentence as fact.

Vatican City coins:

I don’t think they make a lot of money this way, but I thought it was interesting that the Vatican does have their own coins. You can check out their archive of coins here: http://www.vaticanstate.va/content/vaticanstate/en/servizi/ufficio-filatelico-e-numismatico/emissioni-numismatiche/archivio.html or just look at the newest coins here: http://www.vaticanstate.va/content/vaticanstate/en/servizi/ufficio-filatelico-e-numismatico/emissioni-numismatiche/ultime-emissioni.html

Well that’s all for today’s post! Thank you so much for reading my blog! And as always, until our next adventure!

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