U.S. Relaxes Restrictions on Cuban Rum and Cigars

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

7 New Year’s Resolutions to Make With Your KidsFamily

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Tasty Alcohol-Free Drinks That Adults Will LoveFamily

10 Simple Money Moves to Make Before the New YearFamily

Could Your Pet Benefit From Marijuana-Laced Treats?Family

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 1,902 more deals!