As the US economy continues to decline Americans are being forced to change the way they handle their dollars as they slide in value against the British pound and the Euro. As businesses buckle down to face the brunt of a world recession many are left wondering how the US is going to weather the storm and if, when the dark clouds of decline finally rise, the economy will be able to recover.

Many businesses have already taken steps to recession-proof themselves by trying to draw in foreign sales. In recent article from Business Week it was stated that “the strongest U.S. companies may be the ones with the biggest footprint abroad.” By having their fingers in Read more

In getting yourself set up to live in Honduras, banking invariably becomes an issue. All banks offer accounts in both U.S. dollars and Honduran Lempiras, and it is best to maintain accounts in both currencies.

The best way to avoid excessive bank transfer fees is by writing a check to yourself from your U.S. account and depositing it into your Honduran dollars account. The only downside on this is that the money will not be available for at least 3 weeks, maybe more, so you have to plan ahead.

Make sure before opening an account that you fully investigate what services the bank offers, including online banking, paying of utilities and bills online, direct deposit or Read more