Currency War of 2009–11 dollar, with Goldman Sachs saying the real is the most over valued currency in the world. In October 2010, Brazil began increasing her capital controls, doubling a tax on foreign purchases of fixed-income assets to 4 percent so as to curb the real's appreciation to a two-year. On 18 October, Brazil sought to curb the real's gains by raising taxed capital inflow on fixed-income assets by 2% to 6% and taxed inflows for margin deposits on futures to 6% from 0.38%. Chile said it would implement capital controls to curb gains in the Chilean peso, which had strengthened the most
Ministry of Tourism (Brazil) Ministry of Tourism (Brazil) The Ministry of Tourism () is a cabinet-level federal ministry created on January 1, 2003. It is responsible for Embratur, the Brazilian Tourist Board. Developing tourism as a sustainable economic activity with a relevant role for the generation of jobs and foreign currency and providing social inclusion. The Ministry of Tourism is innovating in the handling of public policies with a decentralized management model, guided by the strategic thinking. Its organizational structure comprises the National Secretariat of Tourism Policies, which assumes the role of carrying out the national policy for the sector, oriented by the directives