Dollar's falling value harming missionaries

Pinching Pennies
The dollar's fall has squeezed missionary budgets—with no reprieve in sight.

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.

Read it all HERE.

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