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smyr and others,

Thank you for all of your replies. As you obviously can tell, we're pretty much at a loss about what he should do as the exchange rate from peso to dollar was one to one until last December.

And in response to your question, smyr, he freelances and gets paid in U.S. Dollars from primarily one U.S. employer but his post is in Argentina (I believe that he is one of two employees based outside the U.S.) The funds usually are converted from dollars to pesos based on the then current exchange rate and, of course, a pretty conversion fee is assessed. Hence the concern about the devaluation of the peso in relation to the peso plus the desire for a bank within the U.S. I will definitely research the issue further in order to educate myself further. I didn't really consider European banks because I thought I may be able to facilitate (I live in the U.S.; yes, this is an EXTREMELY long distance relationship) plus I don't yet know how to access the reputability of banks. I've come across some suspect websites in the past few days. I've pretty much been going by name recognition, which probably isn't the best tactic, I know. But I will also look at the Spanish banks. Of course, he also freelances with Argentine firms which can go directly in his local bank account. I think his bigger concern is protected the value of the U.S. dollars that he earns. I don't know if I'm further confusing the matters.

Thanks!!!!!
PR
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