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
History of Brazil a Catholic country?" General: from 1930 to 1985 it was under populist military government History of Brazil The history of Brazil starts with indigenous people in Brazil. Europeans arrived in Brazil at the opening of the 16th century. The first European to colonize what is now the Federation Republic of Brazil on the continent of South America was Pedro Álvares Cabral (c.1467/1468-c.1520) on April 22, 1500 under the sponsorship of the Kingdom of Portugal. From the 16th to the early 19th century, Brazil was a colony and a part of the Portuguese Empire. The country expanded south along the coast