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 football team Brazil national football team The Brazil national football team () represents Brazil in international men's association football. Brazil is administered by the Brazilian Football Confederation (CBF), the governing body for football in Brazil. They have been a member of FIFA since 1923 and member of CONMEBOL since 1916. Brazil is the most successful national team in the FIFA World Cup, the main football international competition, being crowned winner five times: 1958, 1962, 1970, 1994 and 2002. Brazil also has the best overall performance in the World Cup, both in proportional and absolute terms, with a record of 73 victories in