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 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). The Congress meets annually in its Brasília seat from 2 February to 27 July and from 1 August to 22 December. The Senate represents the 26 states and the Federal District. Each state and the Federal District has a representation of three Senators, who are elected by popular ballot for a term of eight