Missionaries around the world are feeling the effects of a very week dollar. You will see in the article below that the dollar has reached it’s lowest in 14 years. That means that every time the dollar loses value their support drops also. The current value of the dollar in spite of inflation around the world is the 1995 dollar.
When they go to exchange money they get the value of a 1995 dollar not 2009. The missionary church should be more up on world events and world geography than anyone. We are missionary churches. So please pray for your missionaries.
HONG KONG (Reuters) - The dollar slumped to a 14-year low against the yen on Thursday, helping gold scale another record high, while Asian stocks faltered as investors digested a mixed batch of economic data.
Gold punched above $1,192.60 an ounce on expectations more central banks will buy the precious metal. Its strength was also a reflection of expected prolonged weakness in the dollar, which has already lost more than 8 percent against major currencies this year and is heading for its biggest yearly slide in six years.
On Thursday the dollar slumped to a 14-year low against the yen below 87 yen, as deputy Japanese finance minister Yoshihiko Noda told Reuters that Tokyo was not planning to intervene in the market, and hit a 15-month low against a basket of major currencies (^DXY – News).
