Money for missions decreases with deflated dollar

Money for missions decreases with deflated dollar
Tags: Administration, Evangelism and Outreach, Finances & Fundraising, Parachurch/Missions
March 14, 2005

Christianity Today: Missionaries in Europe, parts of Africa, and the Middle East are spending their dollars faster than ever. As the dollar declines relative to foreign currencies, many overseas missionaries are finding their buck doesn't go so far as it used to. Many have had to cut back on spending or even return to the United States to fundraise. Mission agencies are also finding they need to spend more money to maintain their overseas operations.