Wednesday, May 14, 2008

Dollars and Ukraine

There has been much talk in missionary circles recently about the falling value of the dollar and the impact it is having on missionaries. Kristen and I have been puzzled because it hasn't affected our budget at all yet! But I read an article yesterday that explained it all. Ukraine has pegged their currency, the hryvnia, to the US dollar so the exchange rate doesn't change (or changes only minimally). But apparently that is driving up inflation in Ukraine. Imagine that!

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