I figured this would happen - we got word that the orphanage donation went up. It was $3,000 US when we started. I knew it was going to go up, but in my mind, I figured it would go up by $1000 this year and maybe another $1000 next year.
According to the statement we received from Great Wall, the CCAA stated that, with the exchange rate, they are not able to make the money go as far as it once did (no surprise there - no one's money is going as far as it once did).
They have raised the donation to 35,000 Yuan (and payable in Yuan, which is new), which is, at today's (12/12/08) exchange rate:
35,000 Chinese Yuan(s) = $5,110.01 US Dollar(s)
1 USD = 6.8493 CNY
1 CNY = 0.146 USD
That's quite a jump. I wonder what it will be when we are finally in the home stretch?
