Thursday, February 28, 2008

The Fall of the Dollar

The link below from Yahoo! Finance shows the reality of what has been squeezing the support needs of American missionaries in Brazil: over the last five years, as the chart shows, the dollar has had over a 50% decline against the Brazilian currency. For us the consequence is that though in dollar terms our pledged support is as high as it has ever been, we are now 25% undersupported. Even so we have recently been encouaged with several churches inquiring about our support situation and expressing a hope that they can increase their giving to our work. We have also had a friend from a supporting church personally pledge support to our work. Praise God that He is in control!

Steve

http://finance.yahoo.com/currency/convert?from=USD&to=BRL&amt=1&t=5y

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