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 Order of Merit (Brazil) National Order of Merit (Brazil) The National Order of Merit () is a decoration created to reward Brazilian citizens over 25 years of age who have rendered services relevant to the Brazilian nation, and foreigners who, according to the government, are worthy of this distinction. The order was created during the government of President Eurico Gaspar Dutra through Decree-Law Number 9.732 of 4 September, 1946, whose regulations were approved by Decree Number 21.854 of 26 September, 1946, and later consolidated by Decree Number 203 of 30 August, 1991. The President of Brazil is its grand master, and the necklace is