Cuban Travel, Banking Rules Eased Before Obama's Visit

By Carolina Bolado (March 15, 2016, 2:18 PM EDT) -- The U.S. eased travel restrictions to Cuba and expanded Cuban nationals' access to U.S. financial institutions and American currency on Tuesday, ahead of President Barack Obama's upcoming historic visit to the island.

Under the new regulations, individuals will be able to travel to Cuba for what the U.S. Department of the Treasury's Office of Foreign Assets Control calls "people-to-people educational travel" on their own without having to book the travel through an authorized organization.

In addition, Cuban nationals in the United States who are not immigrants — such as athletes, artists and performers — will be able to earn compensation for...

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