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
Basic income in Brazil program that would reserve 6% of its tax revenue to fund an unconditional dividend for all persons who have resided in the municipality for 5 years or more. , Santo Antônio do Pinhal was the only municipality in Brazil which had implemented a basic income program. Senator Eduardo Suplicy has praised the municipality for being a pioneer in implementing such a program at a municipal level in Brazil. In November 2013, the Apiaí municipality adopted a similar law to Santo Antônio do Pinhal's, with the difference that no portion of the municipality's tax revenue was directly allocated to the fund,