Worship Weblog
Tuesday, February 12, 2008
ByFaith magazine on missionaries and the weaking U.S. dollar
The weakening U.S. dollar is having a profound effect on missionaries scattered all over the world, including those affiliated with the PCA’s Mission to the World (MTW).
“It makes things more expensive in their local currency and increases their cost of living,” said Bill Goodman, MTW’s director of field operations. “This problem is widespread throughout the world—it’s not just Europe that is being affected.”
While previous economic changes have caused support shortages for missionaries in the past, the breadth of this problem is unprecedented.
Christianity Today recently reported that “according to the U.S. Center for World Mission, many missionaries 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.”
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