212on
Julian Assange, The risk that we all run
Julian Assange and the risk that we all run in a world where freedom of expression does not exist. The United States and Great Britain paladins of Li...

The art of negotiation, Donald J. Trump doubles as an umbrella.
The art of negotiating of Donald J Trump and his cryptic messages that have not been read between the lines by Iranian, North Korean and Venezuelan le...

Fri, May 07, 2021
Houston, TX
Mexico City
Shanghai, China
Tokyo, Japan
London, GBR
Paris, France
Frankfurt, DE
Search
Second high level review meeting was taken by the Union Health Minister Shri Ghulam Nabi Azad at 9.30 A.M. today i.e. 3rd September, 2010 to discuss t ...
Improvements in the scale and variety of rations being provided to troops of the Army is essential to achieve superior satisfaction levels, thus lea ...
Army Chief General VK Singh on 05 September 2010 (Sunday ) will proceed on a three day visit to Sri Lanka to strengthen bilateral military ties. Du ...
212on
Networks
Back   
There is a casual vacancy from 5-Bhatgaon AC in the State Legislative Assembly of Chhattisgarh which needs to be filled up. After taking into conside ...
The Indian fisheries occupied third position in global scenario in terms of production of fish which is 4.4% of global fish production. The contributi ...
The Minister of State for Chemicals and Fertilizers, Shri Srikant Kumar Jena called upon the chemical industry to step up its efforts towards developm ...
   

a
 
 
Army Chief General VK Singh on 05 September 2010 (Sunday ) will proceed on a three day visit to Sri Lanka to strengthen bilateral military ties. Du ...
Heralding a new chapter in the history of defence cooperation, India and South Korea today signed two landmark Memoranda of Understanding to give a hu ...
There is a casual vacancy from 5-Bhatgaon AC in the State Legislative Assembly of Chhattisgarh which needs to be filled up. After taking into conside ...
Home
212on Magazine
NDMA Releases Guidelines on Management of Tsunamis
87 Additional Candidates from CS(Main) Exam, 2008 Recommended for Appointment
Combined Medical Services Exam, 2010 Result Announced
Additional Judge of Delhi High Court
Show & Tour
Tej ai Sullivan -The New King of Pop- The Ultimate Thriller
Shakira - Bright Side Of The Road
Health & Medicine
Hypercholesterolemia - High Blood cholesterol
How to Keep your Teeth & Gums Healthy
Family, Home & Progress
US Patent, flexible cable lever arm steering system.
Building a Solar Panel at Home
TVR SAGARIS: the beast.
 


2021 212on Magazine
Visit Author's Website this link will take you to the website this article was originally published in
212on Magazine has not editorial line, does not express or publish its own opinions, does not support or share the opinion of an author or publisher in particular. Any content or material such as text, photo, graphic, audio, and/or video, lyrics, artworks, blogs, news, logos & trademarks on 212on Networks websites, systems, designs, etc, are property of their respective authors. 212on Magazine does not publish contents or materials of its own property, except as otherwise indicated. The contents and materials belong to their respective authors.





The Finance Minister, Guido Mantega, defended on March 1st, the measures adopted by the Government to avoid an excessive appreciation of the real and affirmed that the economic team will not be watching the currency war unabashedly. Today, new measures were announced to contain the excessive appreciation of the real against the dollar.

"The Government will not be watching the currency war without taking any action. We have to defend ourselves,” said Mantega at a news conference. "The Government will carry on with our policy to take measures so that the real does not [over] appreciate, jeopardizing the Brazilian production," he added.

The decree number 7,683 published on Thursday in the Diário Oficial da União (Government’s official press), changes from two to three years the collection of 6% financial transactions tax (IOF) on the liquidation of foreign exchange operations that bring dollars to the country, settled as from March 1, 2012. 

Mantega reminded that the practice of adopting this type of measure was seen under suspicion until recently, but, given the current crisis, it started to be recommended even by the International Monetary Fund (IMF). "The Fund did not agree with our policy, but changed their way of thinking especially after Brazil began to apply  intervention measures on the foreign exchange market  that are proven to be successful," he added.

Mantega also emphasized that, to this end, the Government has been adopting measures that include changes on the application of the IOF tax, as well as on dollars purchase operations in the Brazilian financial market. Such actions should strengthen the international reserves held in the Central Bank of Brazil, avoiding the excess of American currency in circulation.

"We will keep buying reserves and, as needed, we should continue with measures that will punish and reduce the profitability of foreign capital in excess in," he concluded.

Brazil adopts measures to avoid real’s appreciation


          Article may be not complete and may be subject to copyright. original article is
          on the page:
Back   
Mexico - 212on Magazine 212on
[close]
More Articles:
the present time, sports, spectacles, woman, health, children, purchases, promotions You lead, Companies, Love Friendship Art Culture Community Houses Collecting Art Music aesthetic Fashion Toys Jewels and Minusvalidos Mascots Material free Time Pharmacy and machinery Several electronic directory of 212on Economy Finances Education Uses Geography Horoscopos History, Mysteries Legend of 212on the News Personages Political Security Agenda of events Cellular Messages to directory Guide yellow Section Love and Political Friendship and Government right Commerce - responsible ethical Finances Governmental Networks and impelling organizations Government Exchange - social currency the Present time Art, culture and Literature Enterprise Management Associations and organizations personal Cars and motos Blogs Science and technology Cinema Kitchen Purchases and shopping Computers e computer science Deportes Curiosities Fotoblogs Education Internet Humor Games and consoles Political Music the News Health Society Trips and Videoblogs tourism Others