December 18, 2009
The Vatican has entered into a new monetary agreement with the European Union, continuing the status of the Euro as the official currency of the Vatican city-state. The new agreement, replacing an earlier accord of December 2000, was signed on December 17. The agreement governs the Vaticanís coining of its own Euros and regulates the terms of exchange.
MONETARY CONVENTION: VATICAN CITY STATE - EUROPEAN UNION
VATICAN CITY, 18 DEC 2009 (VIS) - Late yesterday afternoon the Holy See Press Office announced that on the morning of 17 December a monetary convention was signed in Brussels, Belgium, between Vatican City State and the European Union.
The document was signed in the name of the Holy See, as representative of Vatican City State, by Archbishop Andre Dupuy, apostolic nuncio to the European Union, while Joaquin Almunia, European Commissioner for Economic and Financial Affairs, signed for the European Union.
The provisions of the new convention, which replaces the monetary convention of 29 December 2000 that introduced the euro as the official currency of Vatican City State, will come into effect from 1 January 2010.
.../MONETARY CONVENTION/HOLY SEE:EUVIS 091218 (130)