You hear in the news that the dollar continues to decline against the euro. So what?
From Christianity Today:
The dollar’s falling value translates into a pay cut for many American missionaries, who receive funding for their work from church and denominational budgets and from the gifts of supporting Christians. According to the U.S. Center for World Mission, many are finding their dollars worth 8 to 12 percent less than they expected this year. In Europe, dollars have lost 45 percent of their buying power since 2002.
This has hit us hard here in Romania, where inflation has added to the problem. The budget our mission has for us—which is the amount of money we have to raise from supporting churches and individuals—has doubled since 2002. And I would say that it was more than enough in 2002, but barely enough to get by in 2008.
Thank you to all who have been faithful in their financial support of our work in Romania. Thank you also for your prayers.
Grace and Peace