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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Brazil real advances as mantega rules out investment tax to stem inflows

Posted on 02 March 2012

Brazil’s real rose after Finance Minister Guido Mantega said the government wasn’t considering taxes on foreign direct investments as he laid out a plan to stem the currency’s appreciation, easing investor concern policy makers would take stronger steps to limit capital inflows.
Mantega said policy makers can also use the sovereign wealth fund to buy dollars to protect the real from excessive global liquidity. ………………………………………….Full Article: Source


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