US limits amount of money that Americans can send to Cuba

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US limits amount of money that Americans can send to Cuba
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The Trump administration is moving to further toughen sanctions against Cuba by reducing the amount of money that Cuban-Americans can send to family members on the island.

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.

"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."

President Donald Trump changed course, steadily reinstating the financial restrictions and other sanctions targeting Cuba's communist government in what his administration says is an attempt to change Cuban behavior.

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