US Limits Money That Americans Can Send to Cuba

The US Limiting the amount of Money That Americans Can Send to Cuba

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cubans
cubans
President Donald Trump
President Donald Trump

Changes announced Friday by the Treasury Department limit remittances to $1,000 per person per quarter. Also, rules also no longer allow transfers of money to nonfamily members.

Trump administration is reducing the amount of money that Cuban-Americans send to family members on the island.

The Obama administration removed limits on family remittances in 2009. Also taking steps to restore diplomatic relations with Cuba. But President Donald Trump changed course to reinstate the restrictions and other sanctions.

Copyright 2019 The Associated Press. All rights reserved.

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