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
Flag of Brazil and Tocantins), totalling 27 stars in its current version. The Portuguese territories in the Americas, corresponding roughly to what is now Brazil, never had their own official flag, since Portuguese tradition encouraged hoisting the flag of the Kingdom of Portugal in all territories of the Portuguese Crown. The first Brazilian vexillological symbols were private maritime flags used by Portuguese merchant ships that sailed to Brazil. A flag with green and white stripes was used until 1692. The green and white colors represented the House of Braganza and the national colours of Portugal. In 1692, that flag was no longer used