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 Congress of Brazil to eight-year terms, and Deputies are elected every four years. The numbering of the Legislatures is continuous, including the Legislatures of the imperial General Assembly and of the republican National Congress. The inauguration of a new composition of Chamber of Deputies for a four-year term of office marks the start of a new Legislature. National Congress of Brazil The National Congress of Brazil () is the legislative body of Brazil's federal government. Unlike the state Legislative Assemblies and Municipal Chambers, the Congress is bicameral, composed of the Federal Senate (the upper house) and the Chamber of Deputies (the lower house).