Basic income around the world of President Luiz Inácio Lula da Silva's social policy, and is reputed to have played a role in his victory in the Brazilian presidential election, 2006. An independent and privately funded pilot project is currently in place in Brazil in Quatinga Velho The project started 2008 and is organized by the non-profit organization ReCivitas. It provides R$30 monthly which is 4.4% of the minimum salary in 2013 (as defined by the federal government) and is not enough to meet basic needs. "The real value of R$30,00 Basic Income at Quatinga Velho, just is sufficient to help people satisfy the most
Currency War of 2009–11 other countries not directly involved such as Australia; if the "currency war" continues they may be exposed to harmful upwards pressure on their exchange rates. By December 2010, currency war was less of a hot topic and wasn't even on the agenda for the bilateral trade talks held between China and the US, but the issues still remain unresolved, with many emerging economies considering increased use of capital controls to cope with potentially de-stabilising capital inflows. January 2011 saw new interventions to prevent currency appreciation and volatility from Brazil, South Korea and even from Chile – a country with a