I can understand the argument that the embargo is a good policy because it squeezes hard currency flows to
What I can’t understand are Treasury actions that seem to have nothing to do with any real impact on hard currency flows and that seem to be pure harassment of Americans in contact with
First, there’s a 2004 action to restrict Americans who would edit or publish materials that originate in
Then there’s this August 2006 OFAC announcement (pdf, one page) that stipulates that companies that help Cuban Americans send remittances to relatives must have those remittances paid to to Cuban recipient in dollars, or in one of four other foreign currencies, but not in
If someone wants to send in a comment that would illuminate how these measures do have a significant foreign exchange impact, or have some strategic importance, it would be welcome.
Measures such as these are trivial in
One more thing: the IRS is chasing piano virtuoso Chucho Valdes for $5,466.10 in taxes on 2003 earnings.