Weak US dollar hits papal profits

[emad]

Source: bbc

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 $79.8m (£40.4m) 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 9.1m euros (£7.3m: $14.3m) in 2007.

That was despite receiving a single anonymous donation of $14.3m.


Read more: http://news.bbc.co.uk/1/hi/business/7501486.stm

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'Single anonymous donation?'

Somebody very grateful.

[AP]

1. The single anonymous donation was most likely a bequest in a will.

[emad]

2. Strange it should exactly match the governing body's total loss

of $14.3m.....