Posts Tagged ‘faithful’
The Vatican made a loss last year as the weaker dollar reduced the value of donations from the faithful in the United States.
Almost a quarter of the $79.8 million worth of offerings it received came from collections made in US churches. But as the dollar lost 15% of its value against the euro, the Catholic Church’s governing body made a loss of $14.3 million in 2007.
The Vatican Television Centre, which broadcasts the Pope’s regular audiences in St Peter’s Square and reports on his visits abroad, made a profit of almost 500,000 euros, while the Vatican Publishing House ended the year with a surplus of 1.6m euros.
Doesn’t everyone worry about religions going out of business?