Sunday, July 24, 2011

Bad News for all missionaries in Honduras...

The Honduran government has announced the devaluing of the Lempira effective tomorrow from 18.895 against the U.S. dollar to 17.64! That means for every $1000 in donations we will lose $71.00! Of course it also means the cost of everything will be rising as well. And the big fear is that the maquilas (factories) will begin to leave which would put the country in a severe downward spiral.

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