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 Law of Saudi Arabia Basic Law of Saudi Arabia The Basic Law of Saudi Arabia (alternative name: Basic System of Governance; Arabic: , "") is a constitution-like charter divided into nine chapters, consisting of 83 articles. The constitution of Saudi Arabia is "the Holy Qur'an, and the Sunna (Traditions)" of the Islamic prophet Muhammad, (as stated in Article One of the Basic Law), but the Basic Law contains many characteristics of what might be called a constitution in other countries ("The Law of Governance", "Rights and Duties"). The Basic Law is in accordance with the Salafi understanding of Sharia and does not override Islamic