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
Brazil national basketball team Brazil national basketball team The Brazil national basketball team is governed by the Brazilian Basketball Confederation (), abbreviated as CBB.<br> They have been a member of the International Federation of Basketball (FIBA) since 1935. Brazil's basketball team remains among the most successful in the Americas. It is the only team besides the United States that has appeared at every Basketball World Cup since it was first held in 1950. Basketball was initially introduced to Brazil by Professor Augusto Shaw in 1896. In 1912, he began organizing the first state tournament and in 1922 the first national team made its debut