U.S. Relaxes Restrictions on Cuban Rum and Cigars

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Find out how easy it will be now to get your hands on a Montecristo No. 2, or a bottle of Havana Club rum.

The Obama administration has further relaxed a 54-year-old ban on foreign goods from Cuba — including the island nation’s famed rum and cigars — in an effort to increase trade and travel with America’s former Cold War foe.

Under the new rules, which take effect Oct. 17, U.S. travelers abroad are free to purchase all the Cuban rum and cigars they want, so long as they are for personal consumption.

According to a press release from the U.S. Department of the Treasury, the eased restrictions are the next step in President Barack Obama’s plan — which he announced in December 2014 — to bolster trade and promote economic opportunities for Cubans and Americans.

The new rules — which ease an embargo put in place by President John F. Kennedy in February 1962 — allow American travelers to purchase Cuban rum and cigars while visiting the island nation or another country where they’re sold and then bring them back to the U.S.

This is the second time the Obama administration has loosened the cigar and rum ban. In January 2015, the rules were eased to allow Americans traveling to Cuba to bring back up to $100 in rum and cigars.

You still can’t order Cuban cigars online and have them shipped to your home. It’s also still illegal for Cuban cigars to be sold commercially in the U.S.

According to USA Today, Obama says this move is his latest step to mend relations with the communist nation.

“Challenges remain — and very real differences between our governments persist on issues of democracy and human rights — but I believe that engagement is the best way to address those differences and make progress on behalf of our interests and values. The progress of the last two years, bolstered by today’s action, should remind the world of what’s possible when we look to the future together.”

Check out “Passenger Plane Service to Cuba Begins.”

What do you think of the eased restrictions on Cuban rum and cigar and the U.S. trying to mend its relationship with the island nation? Sound off below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 8 Ways to Get Your FICO Score for Free

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,953 more deals!