Foreign relations of the Holy See treaties. Traditionally, an agreement on religious matters between the Holy See of the Catholic Church and a sovereign state is called a concordat. This often includes both recognition and privileges for the Catholic Church in a particular country, such as exemptions from certain legal matters and processes, issues such as taxation, as well as the right of a state to influence the selection of bishops within its territory. Foreign relations of the Holy See The Holy See has long been recognised as a subject of international law and as an active participant in international relations. One observer has said that
Prefecture for the Economic Affairs of the Holy See offices in question. The Vatican Bank, which does not manage property of the Holy See, was not overseen by the Prefecture. This prefecture was also distinct from the Administration of the Patrimony of the Apostolic See, which was formed from the merger of the Administration of the Property of the Holy See and the Special Administration of the Holy See. Prefecture for the Economic Affairs of the Holy See The Prefecture for the Economic Affairs of the Holy See was an "office" (a technical category of dicastery) of the Roman Curia, erected on 15 August 1967, and entrusted with overseeing