the central bank it needs these foreign currency reserves to enact firepower and effect the economy and it has run out of that lifeline. the other aspect is the that of capital controls, they are measures by the government to prevent people from changing their argentine currency into foreign currencies, it is very popular they have a black market, where people meet to exchange the currency to the us dollar and thatis currency to the us dollar and that is artificially changing the currency, what they want to do here is bring it back to market, reduce this propping up, this artificial inflation, see where it stabilises off it has been welcomed by the international monetary fund which argentina has a huge debt to, they called the move bold said it would bring its refinancing progress programme back on track. people who will feel this are those who will feel this are those who import goods, they will find things more expensive, we will see pain for small and medium businesses
news coverage here in new york city now. craig melvin at msnbc headquarters. the nation on high alert, on high alert over a domestic tryst terrorist who s been waging war through the u.s. mail all week. pete williams just a few moments ago reporting that a person has been taken into custody at this point, a person we re told perhaps in his 50s taken into custody in florida for questioning in connection with the mail bombs that have been sent to prominent americans all over this country over the past few days. details as to this person s connection right now, those details remain unclear. this coming as two more explosive devices were discovered today, a total of 12 devices have now been sent, 12 explosive devices. today one package found at a new york postal facility on the west side of manhattan. that one was addressed to former director of national
intelligence james clapper. the other intercepted in florida. that one was addressed to new jersey democrat cory booker. all of these