Charity | A fluctuating currency and "lukewarm" giving wreak havoc on missions efforts
by Warren Cole Smith & Rusty Leonard
Posted 2/28/09, 12:00 am
William Shakespeare said that a rose by any other name still smells the same, but not so international currencies. And when the value of the U.S. dollar sometimes stinks, no one feels that more acutely than American missionaries, or foreign nationals who depend on American dollars to sustain their work.
Despite a recent rally in the value of the U.S. dollar-due, ironically, to the problems of the U.S. financial markets spreading overseas-the dollar is generally trading below levels of two years ago, and major ministries are feeling the pinch.