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
National Defense Council (Brazil) National Defense Council (Brazil) The National Defense Council (CDN) () is a consultative body of the President of Brazil on matters of national security, foreign policy, and defence strategy. The Council was established on 29 November 1927 by President Washington Luís. It is composed of key ministers and military commanders and chaired by the President of Brazil. The National Defense Council was established by Decree no. 17,999 of 29 November 1927, and organized by Decree no. 23,873 of 15 February 1934. It was chaired by the President and composed of several ministers, the Chief of Staff of the Army, the