Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
'Cash only' at the Vatican
Description
Visitors to the Vatican should come prepared - with lots of cash.
Italy has blocked the use of credit and debit cards in the tiny city state.
Rome's concerned about a lack of financial transparency there.
The move is a blow for the Holy See, as sales of souvenirs, stamps and admission tickets to people visiting attractions like the Sistine Chapel is one of its biggest sources of income.
In 2011, 5 million visitors brought in over 91 million euros.
The Vatican Museums warned tourists on its website it couldn't take payments inside its walls from January 1.
SOUNDBITE: Dutch tourist, saying (English):
"We got cash yesterday, a lot."
SOUNDBITE: Mariangela Oldani, Tourist, saying (Italian):
"It's really difficult for tourists who arrive and then see that you can't use cards. It shouldn't happen in a place like this, there should be better service."
A source close to Italy's central bank said it had revoked Deutsche Bank Italy's permit to provide electronic payment services for the Vatican.
Last year, Moneyval - a Council of Europe-backed commitee to tackle money laundering and terrorism financing - said the Vatican bank had serious failings, and called on it to strengthen measures to increase transparency.
Italy has blocked the use of credit and debit cards in the tiny city state.
Rome's concerned about a lack of financial transparency there.
The move is a blow for the Holy See, as sales of souvenirs, stamps and admission tickets to people visiting attractions like the Sistine Chapel is one of its biggest sources of income.
In 2011, 5 million visitors brought in over 91 million euros.
The Vatican Museums warned tourists on its website it couldn't take payments inside its walls from January 1.
SOUNDBITE: Dutch tourist, saying (English):
"We got cash yesterday, a lot."
SOUNDBITE: Mariangela Oldani, Tourist, saying (Italian):
"It's really difficult for tourists who arrive and then see that you can't use cards. It shouldn't happen in a place like this, there should be better service."
A source close to Italy's central bank said it had revoked Deutsche Bank Italy's permit to provide electronic payment services for the Vatican.
Last year, Moneyval - a Council of Europe-backed commitee to tackle money laundering and terrorism financing - said the Vatican bank had serious failings, and called on it to strengthen measures to increase transparency.
More from User
00:46
Voters cast ballots Sri Lanka's presidential election.
Reuters
01:05
Recovery teams make plans to raise AirAsia tail section.
Reuters
01:34
Asia-Pacific leaders condemn attack in France
Reuters
01:00
Police hunt three Frenchmen after 12 killed in Paris attack
Reuters
00:52
Anti-terror police hunt for Paris killers in eastern French city of Reims
Reuters
01:27
More women accuse Cosby of assault, Writers Guild announces nominees
Reuters
Related Videos
00:45
Trump: 'Good Catholic' Pelosi Should Support Walls Because The Vatican Has Them, Too
Entertainment (now)
51:06
Cardinal Suhard : quelles sources d’inspiration 50 ans après Vatican II ?
Collège des Bernardins
01:52
Excel Fixed - Microsoft has blocked macros from running because the source of this file is untrusted
VictorExplains
01:42
Jennifer Lopez Ultimately Ended Engagement to Alex Rodriguez Because She Couldn’t Fully 'Trust' Him: Sources
People
00:22
People blocked the road because bank did give money to them
Hindustan Live
01:44
French people blocked in the US because of the travel ban
FRANCE 24 English