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
Saber (sectoral currency) Saber (sectoral currency) The Saber (Portuguese for "to know") currency is a proposal of an educational sectoral currency initially presented in Brazil. It would be handed out by the ministry of education. The currency is given for free to pupils, who can use it to buy education from older pupils. The currency propagates from lower grades to higher grades in schools and finally propagates to universities where it is used to buy education from the state. At this point it is collected and returned to the ministry. The duration the currency remains valid is limited in order to encourage fast