Thursday, 3 April 2008

Value of the pound is sinking

Bit of a problem with money. Twelve months ago we could get 50 Gambian dalasi to the pound. Now it's down to just 37. This means everything costs us more and donations have lost 26% of their value. This in turn means that the Gift Aid we can claim at 28% just about cancels out the lost value of the pound rather than acting as a bonus. Still, that's life and we cross our fingers and hope for a return to former times. It's a bit embarrassing to have to tell friends who have agreed to sponsor a student that the amount they happily agreed on is now inadequate. Happily most people have been very understanding. G.O.E.S. promises to make sure that none of the students suffers - we'll just have to try a bit harder. Grumble over!

No comments: