US limits amount of money that Americans can send to Cuba

[Eugene]

Source: Associated Press

US limits amount of money that Americans can send to Cuba

By MATTHEW LEE
September 6, 2019

WASHINGTON (AP) — The Trump administration toughened sanctions against Cuba on Friday by reducing the amount of money that Cuban-Americans can send to family members on the island.

Changes announced by the Treasury Department will limit remittances to $1,000 per person per quarter when they take effect on Oct. 9. The new rules also will no longer allow transfers of money to nonfamily members.

“We are taking additional steps to financially isolate the Cuban regime,” Treasury Secretary Steven Mnuchin said in a statement. “Through these regulatory amendments, Treasury is denying Cuba access to hard currency, and we are curbing the Cuban government’s bad behavior while continuing to support the long-suffering people of Cuba.”

The Obama administration removed limits on family remittances in 2009 as it took steps to restore diplomatic relations with Cuba and later ended restrictions on transfers to nonfamily members. Such remittances totaled some $3 billion in 2016.

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Read more: https://apnews.com/904fef465f7841b09386dd7f5f323834

[EarnestPutz]

1. Mnuchin is an idiot and he personifies our idiotic foreign policy in this regard.

What "bad behavior" is he speaking of? Being socialist? Supporting the "long suffering people of Cuba" (who love their Socialist country) by pulling three billion dollars out of poor country doesn't make much sense.

[bdamomma]

2. Mnuchin

why is he still there, another thug who should rounded up also. Smug ass POS.

Again, anything good that the Obama administration had done is being erased by this POS, a little bit paranoid Don the con?? You POS.

Why is that??? is Cuba the next stop for Putin????

[sinkingfeeling]

3. No, they are taking steps to harm as many Cuban families as they can. This administration

is rivaling the worst in the world.