Yesterday, the peso dropped to a record low, plunging to PhP56.45 against the US dollar. Immediately, middle- to lower-class Filipinos started criticizing the Arroyo administration for its seemingly ineffective monetary control efforts, while the administration itself defended the move, citing a great demand for dollars combined with the sharp rise in the cost of oil.
Meanwhile, a full tank of diesel for my car now costs P950.00, and I am wrestling with God in prayer against a return to the work force. I do not want to give up my mission for God, not at the cost of making money, since Cathy is making enough to barely scrape us by. We do not wish to go into debt, and this is a solid test of how God will provide.
Prayers for my country are requested.